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Hello! :-)
I am trying to create a calendar calc tool that, when I work on a sheet, it: 1) Automatically loads today's date 2) Automatically loads number of pay periods remaining in the plan year (using a pop down to allow selection of weekly or bi-weekly). 3) Accepts a deduction amount per pay period. 4) Calculates a total annual payroll contribution during the plan year (based on number of pay periods remaining in the plan year, multiplied by the deduction). For Example: 1) Our Plan year: 08./01/05 - 7/31/06 2) Automatically load of today's date: 9/15/05 3) Drop down prompting choice of weekly or bi-weekly pay period: Weekly 3) Remaining pay periods between 9/15/05 and 7/31/05: 46 4) Weekly deduction: $28.00 5) Estimated Maximum Contribution: $1288.00 ($20 * 46 pay periods). ---------------------------- Along the same lines...let's say the goal of the employee to make an annual maximum of $5000 a year. He wants to know how much he must contribute a pay period to reach his goal of $5000 within the plan year. Can I create a small spreadsheet tool that will automatically tell the employee how much he/she needs to have deducted from his/her paycheck by 7/31/05 in order to reach the goal of $5000, beginning with payroll of 9/16/05? This seems like it should be easy, but I cannot get it to work? If you have an Excel spreadsheet you can send as a template, or if you can describe to process of creating this, I would be so appreciative! |
#2
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![]() For Example: 1) Our Plan year: 08./01/05 - 7/31/06 In Cell A1 enter the date 1/8/05 or 8/1/05, depending on your format In Cell A2 enter =A1+364 Now you have a range 2) Automatically load of today's date: 9/15/05 In Cell A3 enter =TODAY() 3) Drop down prompting choice of weekly or bi-weekly pay period: Weekly I have a different suggestion for you. In cell A6 enter "Payroll Frequency" in cell B6 enter "Name" In cell B7 down to your last associate enter a B ow W for weekly or Biweekly 3) Remaining pay periods between 9/15/05 and 7/31/05: 46 In cell A4 enter =ROUND((+A2-A3)/7,0) = This will show you how many weekly paid associate paychecks are left. In cell A5 enter =ROUND((+A2-A3)/14,0) to count the biweekly associate pay periods remaining 4) Weekly deduction: $28.00 Enter in cell B1 5) Estimated Maximum Contribution: $1288.00 ($20 * 46 pay periods). in each row in column C to the right of the asociates name enter =if(A7="W",$B$1*$a$4,if(A7="B",$B$1*$a$5,"")) and copy formula down ---------------------------- Along the same lines...let's say the goal of the employee to make an annual maximum of $5000 a year. He wants to know how much he must contribute a pay period to reach his goal of $5000 within the plan year. Can I create a small spreadsheet tool that will automatically tell the employee how much he/she needs to have deducted from his/her paycheck by 7/31/05 in order to reach the goal of $5000, beginning with payroll of 9/16/05? Lets assume we want this in column D & E next to each associate. In Cell E7 enter =if(AND(D7<"",A7<""),D7/(if(a7="W",$a$4,if(A7="B",$a$5,"")))) In Cell D7 enter the dollar value target anfd the rest should take care of itself -- flydecoder ------------------------------------------------------------------------ flydecoder's Profile: http://www.excelforum.com/member.php...o&userid=27288 View this thread: http://www.excelforum.com/showthread...hreadid=468065 |
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