Calcuating annualised year to date income
Hi Mike
Thanks for that. I notice that the date calculation calculates a extra
month. EG. 1/7/06 ~ 12/1/07 is 6 months, however if it appears that the
formula is counting it as 7 months. If I take your formula
=(C1/(DATEDIF(A1,B1,"m")+1))*12 I assume that the +1 is actually adding the
extra mont, therefore if I remove the +1 it should give me the correct amount
of months?
I have tried this and t seems to now be working correctly.
Thanks
"Mike" wrote:
Try this.
=(C1/(DATEDIF(A1,B1,"m")+1))*12
Where A1 = start date of financial year
B1 = payslip date
C1 is earnings to date
When entering this Excel will try to change the format of your cell to date
so change it back to general.
"Sam" wrote:
Hello all
I want to create a formula to annualise a persons income based on their
gross financial year to date income.
Assuming that the financial year begins on 1/7/06. The variables would be:-
Financial year start date (1/7/06)
Date of payslip
Year to date gross income
Result to calculate what the annualised income would be come 30/6/07
Thanks
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