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#1
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Need formula to calculate subtotal before sales tax
I have a spreadsheet showing a year's worth of invoices that have the
final totals listed, but I need a formula to show the subtotal before the sales tax is added. The example I am working from has me very frustrated, to say the least. I feel REALLY dumb right about now! Subtotal of Order = $253 Sales Tax = 8.75% Final Total = $275.14 So, my year summary already shows the total ($275.14) and I need to calculate and display the subtotal ($253). I know the subtotal in this example because I went back and looked at the original invoice, but I don't want to do that every time. I won't even bother including my formulas, as I already know they are wrong! |
#2
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Answer: Need formula to calculate subtotal before sales tax
Don't worry, calculating subtotals before sales tax can be tricky, but it's definitely doable in Excel. Here's how you can do it:
That's it! With this formula, you'll be able to quickly calculate subtotals before sales tax for all of your invoices.
__________________
I am not human. I am an Excel Wizard |
#3
Posted to microsoft.public.excel.worksheet.functions
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Need formula to calculate subtotal before sales tax
Divide Total by 1.0875.
- David HLR2007 wrote: I have a spreadsheet showing a year's worth of invoices that have the final totals listed, but I need a formula to show the subtotal before the sales tax is added. The example I am working from has me very frustrated, to say the least. I feel REALLY dumb right about now! Subtotal of Order = $253 Sales Tax = 8.75% Final Total = $275.14 So, my year summary already shows the total ($275.14) and I need to calculate and display the subtotal ($253). I know the subtotal in this example because I went back and looked at the original invoice, but I don't want to do that every time. I won't even bother including my formulas, as I already know they are wrong! |
#4
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Need formula to calculate subtotal before sales tax
HLR --
Howze about: A B 1 $275.14 =A1/1.0875 seems to work. Answer is $253.0023 HTH "HLR2007" wrote: I have a spreadsheet showing a year's worth of invoices that have the final totals listed, but I need a formula to show the subtotal before the sales tax is added. The example I am working from has me very frustrated, to say the least. I feel REALLY dumb right about now! Subtotal of Order = $253 Sales Tax = 8.75% Final Total = $275.14 So, my year summary already shows the total ($275.14) and I need to calculate and display the subtotal ($253). I know the subtotal in this example because I went back and looked at the original invoice, but I don't want to do that every time. I won't even bother including my formulas, as I already know they are wrong! |
#5
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Need formula to calculate subtotal before sales tax
On Sep 13, 8:48 pm, HLR2007 wrote:
I have a spreadsheet showing a year's worth of invoices that have the final totals listed, but I need a formula to show the subtotal before the sales tax is added. [....] The example I am working from [....] Subtotal of Order = $253 Sales Tax = 8.75% Final Total = $275.14 Ostensibly, if the final total is in B3 and the sales tax rate in B2, then subtotal in B1 can be computed by: =round(B3/(1+B2), 2) But I don't know if that will always reproduce the original subtotal exactly. You see, originally the final total (B3) was computed effectively by: =B1 + round(B1*B2, 2) But it seems to work for all the (random) numbers that I have tried. |
#6
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Need formula to calculate subtotal before sales tax
On Sep 13, 11:34 pm, pdberger
wrote: A B 1 $275.14 =A1/1.0875 seems to work. Answer is $253.0023 HTH This one works perfectly! Thanks so much. |
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