Zoho CRM Field Formula - Not Working

Zoho CRM Field Formula - Not Working

I am trying to create a field so that anytime the related field (Hubspot Source Data) has "Offline Sources" selected, then the formula will return 'No', and return 'Yes' in all other circumstances.

Below is my formula, why isn't it working? Any ideas? 

IF(NOT(${Accounts.Hubspot Source Data}="Offline Sources"),'Yes','No')