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Month-end cash balance from the running cash balances

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    Month-end cash balance from the running cash balances

    Hello,
    Attached is a sample of an income and expenses report (1st tab), and month-end cash balance report (2nd tab), that I maintain.
    Right now, I am using “=Report!E12” to record the cash balance for the month of January 2012. This manual method is tedious and potentially can create an error if not careful.

    I have been researching the internet for an excel formula of a cash balance for a specific month and year.

    Can anyone help me, please

    Sincerely
    Dache416
    Last edited by dache416; 05-05-2014 at 03:20 PM.

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    Forum Moderator zbor's Avatar
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    Re: Month-end cash balance from the running cash balances

    Here, try this:
    Formula: copy to clipboard
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    Edit: You can also add dates instead of number in A column of 2nd sheet and format as MMMM to show months, but I had to change to numbers for the test.
    Attached Files Attached Files

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    Re: Month-end cash balance from the running cash balances

    A word of caution with zbor's solution above: it relies on "Interest paid" being the last transaction each month. If that's true then it will give the closing balance of each month of the year before the year shown in column 1 of the Month-end Report tab. I suspect you need to add a new column for 2012 in which case you would need to remove the "-1" from the "'Month-end Report'!B$1-1" part of the formula.

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    Re: Month-end cash balance from the running cash balances

    Hello Zbor,

    Thank you very much for your reply to my Thread.

    The formula worked as it shown on the edited attachment. However, the formula would not work, if I combine the two reports together (meaning both tables is in one worksheet) using your formula or the formula below:

    =SUMPRODUCT((MONTH($A$3:$A$25019)=1)*(YEAR($A$3:$A$25019)=2012)*($B$3:$B$25019="Interest Paid"),$G$3:$G$25019)

    Please advice
    Dache416
    Last edited by dache416; 05-05-2014 at 08:01 PM.

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    Re: Month-end cash balance from the running cash balances

    Attached is the modify report spreadsheet

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    Forum Moderator zbor's Avatar
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    Re: Month-end cash balance from the running cash balances

    You looking for 2013 while all data is in 2012.
    You need to take -1 from 2013 to get correct result.

    Formula: copy to clipboard
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    Also, you looking for month 2 in January and month 1 in February.

    Maybe you should change into
    Formula: copy to clipboard
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    Re: Month-end cash balance from the running cash balances

    Thank you for your help Zbor

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