Need Help Calculating Interst On Invoices With Partial Payments |
Need Help Calculating Interst On Invoices With Partial Payments - Excel |
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Hi Guys,
I am new to this forum. I have been working on this for the last 3 years to no avail, I just dont understand how to obtain what I am after and could really use a hand!
I am working with a set of invoices issued to a "customer". Each invoice has a date, and must be paid within 14 days otherwise interest accrues at the rates provided for in my attached workbook.
Over the years the customer has incurred various bills as can be seen, and made various payments. There is an amount oustanding.
I want to Workout the interest owing total and I am wondering what the best way to do this would be? I have a list of bills and payments owing with payments made and the date of each.
- I know my interest rate
- I know my overdue dates as that would be date of payment minus date due.
Im getting stuck though in effecting this.
I think I need a running total of the "amount oustanding" and instead of applying each payment to a partciular invoice, it should be each payment goes toward the "amount oustanding" and interest is worked out date to date between each payment and charged accordingly.
I have a attachedan IMAGE of what I think it should look like, but just dont know how to put this into excel.
ANY HELP WOULD BE AWESOME. Thank you guys.
INTEREST CHARGES.xlsx Excel Schedule (Updated)
interest.jpg (sample calculation image)
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A previous poster explained what I also need; there were no responses,
so I thought I would try again.
Does anyone know of an Excel template--or a small stand-alone
program--that will calculate the interest/principal breakdown when
payments are varied in amount and frequency? Free or low-cost, please.
I need one that will work on my Mac/Office 2004. I will need to print
out periodic reports.
Here is the way the previous poster described it:
"Excel template: Loan Amortization for random/irregular payments,
figures days
between payment dates.
I have a loan with a variable beginning balance and irregular payments
with
annual large payment. (based on collections)
Would like to enter payment and date.
then Excel would figure days since last payment, interest amount,
principal
amount, Ending Principal balance.
And total interest paid, total pricipal paid
If I change the starting principal, excel would recalculate all
entries."
Thanks very much.
so I thought I would try again.
Does anyone know of an Excel template--or a small stand-alone
program--that will calculate the interest/principal breakdown when
payments are varied in amount and frequency? Free or low-cost, please.
I need one that will work on my Mac/Office 2004. I will need to print
out periodic reports.
Here is the way the previous poster described it:
"Excel template: Loan Amortization for random/irregular payments,
figures days
between payment dates.
I have a loan with a variable beginning balance and irregular payments
with
annual large payment. (based on collections)
Would like to enter payment and date.
then Excel would figure days since last payment, interest amount,
principal
amount, Ending Principal balance.
And total interest paid, total pricipal paid
If I change the starting principal, excel would recalculate all
entries."
Thanks very much.
I'm trying to come up with a solution to calculate the man hours and days worked over multiple sheets.
I have a file that has 8 sheets. the first seven sheets are the days of the week and the 8th sheet is where I want to calculate the hours.
The days of the week consists of "Name" "Date" Hours"
The 8th sheet consists of "Name", "Days of the week in their own column (7 columns in total)", "Total Hours" and "Total Days Worked"
Now... each day is always a different group and what I'm hoping for is to create a formula that can grab each name with their hours and throw them into the 8th sheet. So when the end of the week is done I have all the Employees weekly hours and days worked all finished.
I hope this makes sense. This file is to track about 100 employees that are on a rotational work schedule.
I have attached a sample file.
Thanks in advance for your help.
I have a file that has 8 sheets. the first seven sheets are the days of the week and the 8th sheet is where I want to calculate the hours.
The days of the week consists of "Name" "Date" Hours"
The 8th sheet consists of "Name", "Days of the week in their own column (7 columns in total)", "Total Hours" and "Total Days Worked"
Now... each day is always a different group and what I'm hoping for is to create a formula that can grab each name with their hours and throw them into the 8th sheet. So when the end of the week is done I have all the Employees weekly hours and days worked all finished.
I hope this makes sense. This file is to track about 100 employees that are on a rotational work schedule.
I have attached a sample file.
Thanks in advance for your help.
I have a spreadsheet set up with an employees information, including the start date. After each year that the employee is working, he gets bumped up on the pay scale. For this reason, I only need to know how many years the employee has been working, rounded down to the nearest year.
This is what I have so far (hire date is in column B):
=((TODAY()-B4)/365)&" YEARS"
This function gives me a number with many decimal places.
I tried:
=ROUNDDOWN((TODAY()-B4)/365),0)&" YEARS"
It tells me I have too few arguments. Please help!
This is what I have so far (hire date is in column B):
=((TODAY()-B4)/365)&" YEARS"
This function gives me a number with many decimal places.
I tried:
=ROUNDDOWN((TODAY()-B4)/365),0)&" YEARS"
It tells me I have too few arguments. Please help!
I'm trying to format a worksheet to show how many days overdue certain tasks are, and running into a couple of issues. The sheet is set up with Due Dates in Column A, Days Overdue in Column B, and Date Completed in Column C. My first thought was just to use as simple a formula as possible in Column B =Today()-A2. This worked alright for tasks that already had Due Dates assigned, but if Column A was blank I'd get a high number in Column B. I also realized that tasks will continue to show as overdue even after I enter the completed-on date in Column C. Is there a relatively simple way to tackle this formula? Thanks in advance for suggestions. (I've attached an example with the column headings I want to use.)
I am using the following formula to calculate the number of days between a date and the current date: =DATEDIF(A1,TODAY(),"d") What do I add to the formula to leave cell blank if no date is entered in the cell for calculation.
I have attached a schedule for shift allowance calculation. The conditions for payment are as follows:
3 & 4 shifts = 15% Basic
2 shifts = 10% Basic
If on leave for 21 working days or more, no shift allowance
If on leave for less than 21 working days and on 3 or 4 shifts, shift allowance prorated as (Basic*15%)/21*(diff. btw 21 and no of days leave observed)
If on leave for less than 21 working days and on 2 shifts, shift allowance prorated as (Basic*10%)/21*(diff. btw 21 and no of days leave observed)
The formular I used in the attached worked but the only problem is that I had to sort by no. of shifts and adjust the formular first. I need A formular that does not require sorting. I tried to combine IF, AND, OR formulae but I got error. Please assist me sort this out. Thanks a bunch.
3 & 4 shifts = 15% Basic
2 shifts = 10% Basic
If on leave for 21 working days or more, no shift allowance
If on leave for less than 21 working days and on 3 or 4 shifts, shift allowance prorated as (Basic*15%)/21*(diff. btw 21 and no of days leave observed)
If on leave for less than 21 working days and on 2 shifts, shift allowance prorated as (Basic*10%)/21*(diff. btw 21 and no of days leave observed)
The formular I used in the attached worked but the only problem is that I had to sort by no. of shifts and adjust the formular first. I need A formular that does not require sorting. I tried to combine IF, AND, OR formulae but I got error. Please assist me sort this out. Thanks a bunch.
I have a spreadsheet counting down the days until a date is reached. However, after that date is reached and passed I get a #NUM! error.
What can I do to countdown the days as below AND countdown the days that have passed as a NEGATIVE NUMBER???
=DATEDIF(NOW(),D11,"D")
What can I do to countdown the days as below AND countdown the days that have passed as a NEGATIVE NUMBER???
=DATEDIF(NOW(),D11,"D")
Hello everyone, I am new to this forum and have been using excel for about 3 years. I have learned alot but still can not figure out how to make numbers add up in one box like a running total. Meaning, If I have a list and in the list is one cell for each item say like cell a1 is for a can of coke and cell a2 is for a car tire and so on,and i want to keep a running total by adding a number to cell a1 or a2 like say "3 i.e. 3 tires or cans of coke" and later that day i come back and need to add 2 more ......so i want to be able to just click on the cell a1 or a2 and enter the number 2 and the cell would add the number in it to the number im adding to it to show a result of 5 tires or whatever. I am sorry If i am not asking the question in an understandable manor but its the best way I can think to ask it.lol anyways, any help would be appreciated, Thanks in advance.
James
James
Good afternoon!
I'm working with Excel 2003 sp 3 on Windows xp.
I have been banging my head trying to jar loose the formula to calculate man days where 1 equals 8 hours. I have one that was given to me by a coworker:
=INT(Q3/8)+(((Q3/8)-(INT(Q3/8)))*0.8)
That calculates man days from total hours. I need a formula that will total man days and return the man day answer. Example:
weekending 12/25 = 16.2 which is 16 man days and 2 hours
weekending 1/1 = 24.7 which is 24 man days and 7 hours
Total = 41 man days and 1 hour
I have also been asked if there was a way for a number to be entered into a spreadsheet and automatically put in order without a macro or "pushing a button".
Any advice is greatly appreciated!
Happy New Year!
~ Brenda ~
I'm working with Excel 2003 sp 3 on Windows xp.
I have been banging my head trying to jar loose the formula to calculate man days where 1 equals 8 hours. I have one that was given to me by a coworker:
=INT(Q3/8)+(((Q3/8)-(INT(Q3/8)))*0.8)
That calculates man days from total hours. I need a formula that will total man days and return the man day answer. Example:
weekending 12/25 = 16.2 which is 16 man days and 2 hours
weekending 1/1 = 24.7 which is 24 man days and 7 hours
Total = 41 man days and 1 hour
I have also been asked if there was a way for a number to be entered into a spreadsheet and automatically put in order without a macro or "pushing a button".
Any advice is greatly appreciated!
Happy New Year!
~ Brenda ~
Hello, please help me out with this one.
So I am at work workin on this report and I need a function that will make Excel automatically insert the today's date in a cell (let's say D90) when I fill the content of another cell (for example C90) and the that will be inserted will never change. I tried to use the =TODAY( ) function but it keeps updating the date in the cell to the current date if i reopen the worksheet 2 days later. I need the cell to keep in the cell the date of the day when I filled in the content of cell C90 and do not updated it every time i open the document to the actual date.. Thanks in advance!!
So I am at work workin on this report and I need a function that will make Excel automatically insert the today's date in a cell (let's say D90) when I fill the content of another cell (for example C90) and the that will be inserted will never change. I tried to use the =TODAY( ) function but it keeps updating the date in the cell to the current date if i reopen the worksheet 2 days later. I need the cell to keep in the cell the date of the day when I filled in the content of cell C90 and do not updated it every time i open the document to the actual date.. Thanks in advance!!
I have a workbook that has compliance dates in columns "F","G" and "H" from row 7. What I need is when the date in either column comes within 30 days to auto send an email, address in column "A", recipients name in column "B". and then place todays date in column 'P". ALso need to send a follow up email when either date comes within 7days and then place todays date in column "Q". If there is a date in column "P" then don't send email. If there is a date in column "Q" then don't send follow up. Can this be done without the users intervention and each time the workbook is opened.
Thanks in advance for any assistance.
Mick
Thanks in advance for any assistance.
Mick
HI...can anyone help me with a formula for aging data in days (to be aged based on current date vs. for eg., Invoice date)
I have a template that automatically populates the date field with the
current date when opened, using today(). Users then Save As to have an
archive copy of their spreadsheet. However, when they go back to access
their saved sheet, the date changes from the created date to the current
date. How do I stop this in Excel?
I know that Word lets you do this by changing the code from {DATE} to
{CREATEDATE}, but I can't find a similar setting in Excel.
Please help and thank you!
current date when opened, using today(). Users then Save As to have an
archive copy of their spreadsheet. However, when they go back to access
their saved sheet, the date changes from the created date to the current
date. How do I stop this in Excel?
I know that Word lets you do this by changing the code from {DATE} to
{CREATEDATE}, but I can't find a similar setting in Excel.
Please help and thank you!
How I Can Maintain The Stock Register On Excel Sheet By Date Wise ?
But I do not want to insert any sheet for different dates & also the format will not be copied & paste in the same sheet. Just at the place of Date the date will be changed & the datas will be entered manually for each day.
In future, when I shall put the date, the datas will show that particular date's datas only.
Can anyone help me ?
But I do not want to insert any sheet for different dates & also the format will not be copied & paste in the same sheet. Just at the place of Date the date will be changed & the datas will be entered manually for each day.
In future, when I shall put the date, the datas will show that particular date's datas only.
Can anyone help me ?
Hi Excel experts,
I am working on a worksheet, and would like to have an entire row transferred to another worksheet based upon a certain cell's value.
Having searched through the many solved threads on this site, I attempted to customize some of the code to my worksheet. Not being proficient in Macro/VBA, I failed. I figured I would ask for help, and see if anyone can provide what I am looking for.
Basically, I am attempting to construct a "work in process" file, and would like all completed work to be deleted from the work in process sheet, and transferred to a sheet that contains a running list of all work completed.
Attached is an example of what I am working on. I would like Column Q (Status) to determine if a row can be moved to a sheet that contains the list of all work completed, and eliminated from the original sheet. Once Status is updated to "Complete", it would be helpful to be able to run a macro/click a button that would perform the transfer.
Can anyone assist?
Thanks!
I am working on a worksheet, and would like to have an entire row transferred to another worksheet based upon a certain cell's value.
Having searched through the many solved threads on this site, I attempted to customize some of the code to my worksheet. Not being proficient in Macro/VBA, I failed. I figured I would ask for help, and see if anyone can provide what I am looking for.
Basically, I am attempting to construct a "work in process" file, and would like all completed work to be deleted from the work in process sheet, and transferred to a sheet that contains a running list of all work completed.
Attached is an example of what I am working on. I would like Column Q (Status) to determine if a row can be moved to a sheet that contains the list of all work completed, and eliminated from the original sheet. Once Status is updated to "Complete", it would be helpful to be able to run a macro/click a button that would perform the transfer.
Can anyone assist?
Thanks!
From limited experience I know that excel calculates dates via serial numbers.
I have formulas to add a number of days to a cell containing an entered date and display the resulting new date (ie. 03/01/2011 (c34)+11 = 03/12/2011)
I am seeking to leave resulting formula cell blank until a date is entered in the input cell. Currently when the input cell is empty the formula cell obviously displays 1/11/1900 using the above example.
What conditional format would achieve leaving the formula cell blank until date data in entered into the source cell?
Hopefully a simpler question for your experience level than mine.
I have formulas to add a number of days to a cell containing an entered date and display the resulting new date (ie. 03/01/2011 (c34)+11 = 03/12/2011)
I am seeking to leave resulting formula cell blank until a date is entered in the input cell. Currently when the input cell is empty the formula cell obviously displays 1/11/1900 using the above example.
What conditional format would achieve leaving the formula cell blank until date data in entered into the source cell?
Hopefully a simpler question for your experience level than mine.
Sorry for the question. Normally I find answers to my excel questions by going through the help tab or by searching on Google. However, I don't even know what question to ask on this one!?!
Basically I have created a spreadsheet with several columns, but I have one column that lists the shirt size (YS, YM, YL, AS, AM, AL, XL, 2X, 3X) of each person. Is there a formula that I can create that will tabulate the number of sizes (i.e. AS=2, AM=7, etc.)?
In previous years I made a column for each size, and simply placed a "1" in the correct column, and had excel just add the 1's from each column. However, that takes more time and space. I was hoping to streamline it this time around.
Thanks for taking the time to read this post. Any help would be appreciated! Thanks, doug
Basically I have created a spreadsheet with several columns, but I have one column that lists the shirt size (YS, YM, YL, AS, AM, AL, XL, 2X, 3X) of each person. Is there a formula that I can create that will tabulate the number of sizes (i.e. AS=2, AM=7, etc.)?
In previous years I made a column for each size, and simply placed a "1" in the correct column, and had excel just add the 1's from each column. However, that takes more time and space. I was hoping to streamline it this time around.
Thanks for taking the time to read this post. Any help would be appreciated! Thanks, doug
Hi was wondering if anyone can help.
I am trying to reference a cell on another worksheet, the cell is formatted to be a date. when i put in the following formula =Sheet2!A1 and i don't input a date into A1 on sheet 2 the cell containing the formula shows the date 00/01/1900, is there any way of stopping this showing, ideally the cell would be blank until I inputted a date into A1 on sheet 2
Any help would be very much appreciated
I am trying to reference a cell on another worksheet, the cell is formatted to be a date. when i put in the following formula =Sheet2!A1 and i don't input a date into A1 on sheet 2 the cell containing the formula shows the date 00/01/1900, is there any way of stopping this showing, ideally the cell would be blank until I inputted a date into A1 on sheet 2
Any help would be very much appreciated
Hi all,
I hope you can help me with what I would like to do. I've searched and searched and not come up with anything yet!!
I have one sheet which is my 'data' sheet with a number of columns, one of which is a date which may be repeated.
I then want to use another sheet with two cells where two dates can be entered and a button which allows you to copy the rows of data from the data sheet which have dates between the two specified originally. The list in the data sheet may not be in date order although I could update a macro to do this for me if needed. I would also like to do it so that if "ALL" is typed in the date fields, it pulls over ALL the data. (Or something similar)
Any help you can give would be much appreciated.
Cheers,
Kevin
I hope you can help me with what I would like to do. I've searched and searched and not come up with anything yet!!
I have one sheet which is my 'data' sheet with a number of columns, one of which is a date which may be repeated.
I then want to use another sheet with two cells where two dates can be entered and a button which allows you to copy the rows of data from the data sheet which have dates between the two specified originally. The list in the data sheet may not be in date order although I could update a macro to do this for me if needed. I would also like to do it so that if "ALL" is typed in the date fields, it pulls over ALL the data. (Or something similar)
Any help you can give would be much appreciated.
Cheers,
Kevin
Entering time values in custom format [h]:mm:ss
Cells accept hours over 23,
Adding cells in column returns correct total time.
Have not found a way to multiply these cells by a $ hourly rate.
So use HOUR(cell ref) and MINUTE(cell ref) to capture values in referenced
cell - then use these values to calculate total payment for $rate per hour.
However, the HOUR(cell ref) formula returns the hours in excess of 24 when
the cell contains an hour value in excess of 23 (ie 27 hours returns 3).
Cells accept hours over 23,
Adding cells in column returns correct total time.
Have not found a way to multiply these cells by a $ hourly rate.
So use HOUR(cell ref) and MINUTE(cell ref) to capture values in referenced
cell - then use these values to calculate total payment for $rate per hour.
However, the HOUR(cell ref) formula returns the hours in excess of 24 when
the cell contains an hour value in excess of 23 (ie 27 hours returns 3).