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Income formula

  1. #1
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    Income formula

    I run a private bussiness where have various ways of getting income and I have costs.

    I created an excel sheet to show how my profit would be. But then I stumble into some stuff:

    I have 2 accounts, a checking account and a savings account. What I do is have all my profit (or loss) go to my checking account, then if my checking´s account is over 200 I transfer 80% to my savings account. I also have a 0,5% margin on my savings account.

    My problems come when I have losses. I want excel to automaticly from my accounts in the following order: 1st checking account, 2nd savings account, 3rd credit card (which will show as a deficit on the next month)

    I try doing it with IF´s but I get lost as the formula gets to big and its more easy to make errors. Is there a simpler way to do this?

    Thank you for the help in advance.

  2. #2
    Administrator FDibbins's Avatar
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    Re: Income formula

    To best describe or illustrate your problem you would be better off attaching a dummy workbook. The workbook should contain the same structure and some dummy data of the same type as the type you have in your real workbook - so, if a cell contains numbers & letters in this format abc-123 then that should be reflected in the dummy workbook.

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    Ford

  3. #3
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    Re: Income formula

    Thank you for the fast reply. I send the excel sheet. I put my problems in the commentaries.

    Thanks again for the help.

    excel.xlsx

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