View Single Post
  #2   Report Post  
Posted to microsoft.public.excel.worksheet.functions
mag mag is offline
external usenet poster
 
Posts: 4
Default Need help creating a formula that automatically reallocatesunspent funds


Hope this can help. (attachment)

Best regards
DM

12.10.2017. u 17:43, Wangs930 je napisao/la:
So lets say I have $10,000 to spend in travel from Jul to Jun. For
budgeting purposes I have spread this evenly throughout the whole year
($833.33 per month). However, I am not spending it this consistently. In
fact, I haven't spent any of it for the first three months of the year.
I want to spend it all or I will lose it.

My spreadsheet is dynamic so when I update the month it looks for values
in a database and reflects actual costs. Since I did not have any travel
expenses in the first three months it assumes that money will not be
spent and the new projected spend is $7,500 because the first three
months are now empty. I need a formula that will take the $10,000 and
evenly allocate it across the remaining 9 months, so each month would
show a budget of $1,111.11 now.

I need the formula to update every time I change the month and to
basically do this calculation and spread it evenly across the remaining
months:
(Original budgeted amount ($10,000) - money spent through current
month($0)) / remaining months in the year(9 months).

My current formula after the Vlookup to pull from the database is as
follows: IF(Firstmonthcurrentmonth, 10,000/12,0)