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Default Nested If's

I need to make a function that looks at an €œamount€ value (in Col E),
determines which account code is falls under (in Column M) and based on the
account code determines if that value is greater than the following table
based on number of days which is found in column R of the same record.

Abbreviated example of a record:
Col E: Col M: Col R:
Item Amount Account Type Days
Ex: 80000 G 15

Below is part of the table:

Account Days MIN AMT
Type
1 14 2,473.00
1 30 2,473.00
1 150 2,500.00
1 360 2,473.00
1 1095 15,000.00
1 9998 15,000.00
G 14 75,000.00
G 30 100,000.00
G 150 100,000.00
G 360 250,000.00
G 1095 250,000.00
G 9998 250,000.00
B 14 75,000.00
B 30 100,000.00
B 150 100,000.00
B 360 250,000.00
B 1095 250,000.00
B 9998 250,000.00
C 14 750.00
C 30 2,473.00
C 150 4,000.00
C 360 35,000.00
C 1095 250,000.00
C 9998 250,000.00
D 14 2,473.00
D 30 2,473.00
D 150 2,500.00
D 360 2,473.00
D 1095 15,000.00
D 9998 15,000.00

So I am trying to see if the Amount and number of Days in each record
according to Account Type is greater than the amount in the table based on
the table amount, day range, and account type. If it falls in those
criteria, the cell is labeled €œSuspect€.

I tried to make a lookup function, but that didnt work. So I am trying to
used nested IFs which contain the criteria for each account-day combination.
However, in the example below I have created a function for account type €œ1€
and account type €œG€ only. I get the result €œ#Value€ instead of €œSuspect€ or
€œ€. I eventually want to expand this function to include all the account
types. Is this the best approach or is there a better way? If this is the
best approach, what is my error in the formula:

=IF(AND(OR(IF(OR(AND(E7=2473,R7<15,M7="1"),AND(E7 =2473,R7<45,M7="1"),AND(E7=2473,R7<195,M7="1"),A ND(E7=2500,R7<555,M7="1"),AND(E7=2473,R71650,M7 ="1"),AND(E7=15000,R71650,M7="1"),AND(E7=15000, R71649,M7="1")),"SUSPECT",""))),IF(OR(AND(E7=247 3,R7<15,M7="G"),AND(E7=2473,R7<45,M7="G"),AND(E7 =2473,R7<195,M7="G"),AND(E7=2500,R7<555,M7="G"),A ND(E7=2473,R71650,M7="G"),AND(E7=15000,R71650, M7="G"),AND(E7=15000,R71649,M7="G")),"SUSPECT"," "))

Sorry this is so involved. Thanks in advance for any suggestions.

Beverly
 
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