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#1
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Formula For Excel
I am working on a spreadsheet that will allow me to keep track of my savings
account. I have a set number ($600.00) that I need to place in my checking per week that will cover my budget. When I work overtime, I would like to place the difference into savings. Should be simple enough (the value in the savings block should = the value entered into the wages block-600.00). Where it becomes complicated for me is, sometimes I may fall under 600.00 wages. This would create a negative number in the previous weeks savings block. When I calculate it for the next week, I would like to be able to add back to the checking the negative amount from the previous week before taking out for the savings. I probably have lost you by now. Here is an example: Week 1 wages = $540.00. This would show up as a -$40.00 to my savings account for week 1. Week 2 wages = $700.00. This would show up as a $100.00 to my savings account for week 2. Here is what I would like for this to do: Week 2 wages = $700.00 - $600.00 = $100.00 + - $40.00 = $60.00 to my savings account for week 2. This tells me how much to transfer from checking to savings every week in order to keep my $600.00 constant for my budget. It looks like I need an IF statement with a value for true and a value for false. I can't seem to figure out how to build the formula. Any HELP would be greatly appreciated. Thanks, Rodney |
#2
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Formula For Excel
I think this will do it for you; assumes week 1 entry is on row 2, so this
formula would go into row 3 (and fill down). Column A = your take home check, column B = amount to savings. In B3 =IF(AND(B2<0,A3600),A3-600+B2,A3-600) With the 2 examples you gave I get A B 1 INCOME SAVINGS 2 540 -60 3 700 40 "Rodney" wrote: I am working on a spreadsheet that will allow me to keep track of my savings account. I have a set number ($600.00) that I need to place in my checking per week that will cover my budget. When I work overtime, I would like to place the difference into savings. Should be simple enough (the value in the savings block should = the value entered into the wages block-600.00). Where it becomes complicated for me is, sometimes I may fall under 600.00 wages. This would create a negative number in the previous weeks savings block. When I calculate it for the next week, I would like to be able to add back to the checking the negative amount from the previous week before taking out for the savings. I probably have lost you by now. Here is an example: Week 1 wages = $540.00. This would show up as a -$40.00 to my savings account for week 1. Week 2 wages = $700.00. This would show up as a $100.00 to my savings account for week 2. Here is what I would like for this to do: Week 2 wages = $700.00 - $600.00 = $100.00 + - $40.00 = $60.00 to my savings account for week 2. This tells me how much to transfer from checking to savings every week in order to keep my $600.00 constant for my budget. It looks like I need an IF statement with a value for true and a value for false. I can't seem to figure out how to build the formula. Any HELP would be greatly appreciated. Thanks, Rodney |
#3
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Formula For Excel
Hi,
see the example Target to Chequing 600 Salary C Acc B Owed Savings Acc Week1 540 540 60 0 Week2 700 600 0 40 Week3 800 600 0 200 Week4 350 350 250 0 Week5 850 600 0 0 column C= transfers to chequing column D= Balance owed to chequing if salary less than 600 in cell B1 enter your target to chequing in column B enter your salary in cell C3 enter =IF(B3<$B$1,B3,$B$1) in cell D3 enter =+$B$1-C3 in cell E3 enter =+B3-C3 in cell E4 enter and copy down =+B4-C4-D3 "Rodney" wrote: I am working on a spreadsheet that will allow me to keep track of my savings account. I have a set number ($600.00) that I need to place in my checking per week that will cover my budget. When I work overtime, I would like to place the difference into savings. Should be simple enough (the value in the savings block should = the value entered into the wages block-600.00). Where it becomes complicated for me is, sometimes I may fall under 600.00 wages. This would create a negative number in the previous weeks savings block. When I calculate it for the next week, I would like to be able to add back to the checking the negative amount from the previous week before taking out for the savings. I probably have lost you by now. Here is an example: Week 1 wages = $540.00. This would show up as a -$40.00 to my savings account for week 1. Week 2 wages = $700.00. This would show up as a $100.00 to my savings account for week 2. Here is what I would like for this to do: Week 2 wages = $700.00 - $600.00 = $100.00 + - $40.00 = $60.00 to my savings account for week 2. This tells me how much to transfer from checking to savings every week in order to keep my $600.00 constant for my budget. It looks like I need an IF statement with a value for true and a value for false. I can't seem to figure out how to build the formula. Any HELP would be greatly appreciated. Thanks, Rodney |
#4
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Formula For Excel
JLatham,
Lines 2 & 3 worked correctly. I fillled down. I even copied the formula and pasted into the rest of the column. I could not get the others to work correctly. Any ideas what I need to do to correct this problem? I keep getting a "Circular Reference Warning" also. Thanks for your time....Rodney "JLatham" wrote: I think this will do it for you; assumes week 1 entry is on row 2, so this formula would go into row 3 (and fill down). Column A = your take home check, column B = amount to savings. In B3 =IF(AND(B2<0,A3600),A3-600+B2,A3-600) With the 2 examples you gave I get A B 1 INCOME SAVINGS 2 540 -60 3 700 40 "Rodney" wrote: I am working on a spreadsheet that will allow me to keep track of my savings account. I have a set number ($600.00) that I need to place in my checking per week that will cover my budget. When I work overtime, I would like to place the difference into savings. Should be simple enough (the value in the savings block should = the value entered into the wages block-600.00). Where it becomes complicated for me is, sometimes I may fall under 600.00 wages. This would create a negative number in the previous weeks savings block. When I calculate it for the next week, I would like to be able to add back to the checking the negative amount from the previous week before taking out for the savings. I probably have lost you by now. Here is an example: Week 1 wages = $540.00. This would show up as a -$40.00 to my savings account for week 1. Week 2 wages = $700.00. This would show up as a $100.00 to my savings account for week 2. Here is what I would like for this to do: Week 2 wages = $700.00 - $600.00 = $100.00 + - $40.00 = $60.00 to my savings account for week 2. This tells me how much to transfer from checking to savings every week in order to keep my $600.00 constant for my budget. It looks like I need an IF statement with a value for true and a value for false. I can't seem to figure out how to build the formula. Any HELP would be greatly appreciated. Thanks, Rodney |
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