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Project Bonuses

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  1. #1
    Forum Contributor
    Join Date
    11-06-2007
    Posts
    123

    Project Bonuses

    Hi,
    I have a table with 5 bonus amounts, 1 for each year running from, 01/Sept/07 to 31/Aug/12 for example:
    01/09/07 to 31/08/08 = £1000
    01/09/08 to 31/08/09 = £2000
    01/09/09 to 31/08/10 = £3000
    01/09/10 to 31/08/11 = £4000
    01/09/11 to 31/08/12 = £5000
    I am trying to write a formula in a spreadsheet/form that will look at a date, that could be anytime from the start date or thereafter that is entered and then calculate bonus due from that date to the end of the project at 31/08/12.

    That means if the project join date is 01/09/07 the amount due will be £1K+£2K+£3K+£4K+£5K = £15K etc.. If the start date is part way through a year it will pro rata the part year and add the remaining full years to 31/08/12.

    Hope this makes sense.

    Thank you.

  2. #2
    Forum Expert daddylonglegs's Avatar
    Join Date
    01-14-2006
    Location
    England
    MS-Off Ver
    Microsoft 365
    Posts
    14,699
    Here's one way...see attached

    Note the formula in B10 copied down needs to be confirmed with CTRL+SHIFT+ENTER
    Attached Files Attached Files

  3. #3
    Forum Contributor
    Join Date
    11-06-2007
    Posts
    123

    Project Bonuses

    Hi
    Thanks that works. What I did not think of at the time is, what to do should I need to calculate a bonus up to a date before the project end date i.e. an employee leaves early.

    Thanks

    Cortlyn

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