Cross Object Formula Fields

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Salesforce Cross Object formula field displays one object data in other related
object by referencing data in a related record.

Example:
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If Invoice are related to another object then we can pull the fields from the
another object and populate the values in Invoice. As per previous Salesforce
Tutorial, Invoices are associated to Hospitals. Hospital is a parent object of
Invoices. If we want to create Hospital Email address field for every Invoice
record then using Salesforce Cross Object Formula field we can create Hospital
Email field in Invoice record.

How to create cross object formula field:

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To create a Cross Object Formula Fields in salesforce there are no partcular steps
or no particular button or action you can take.

basically cross object formula field are formula nothing else.

Difference between Cross Object Formula Fields & custom formula field
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In custom formula field only refer fields of object on which it is created.
Even in Cross Object Formula Fields it refer fields of related objects also.

In custom formula field can be used in another In custom formula field.

Cross Object Formula Fields: It can not be used in another custom formula field

Cross Object Formula Fields can refer field upto 10 relationship away. But it can
be increseaed upto 15.
It bypass the secuirty and sharing setting.
Cross Object Formula Fields can refer field of one side of a relationship.