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Formula to calculate commission before quota and after quota

  1. #1
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    Formula to calculate commission before quota and after quota

    Hey anyone who is reading this.
    Here is my thing. I have a yearly quota of $140,000. I get paid commission quarterly, therefore I have a quarterly quota of $35,000. Once I get my quota, I get paid 25% on anything over my quota.

    I created this table and in the "Bonus Earned" column, I have =(E17-B17)*0.25 for example. "Total GP" minus "GP quota" multiplied by 25% and that's my commission.

    I'm in my second quarter and I have already passed my yearly quota, therefore, my formulas are not accurate because when I enter my 3rd quarter, the quarterly quota is irrelevant. I would like to figure out a way so it will do the math automatically.

    Clear as mud?

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    Re: Formula to calculate commission before quota and after quota

    .
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    Re: Formula to calculate commission before quota and after quota

    In the future, try using Go Advanced > Manage Attachments to pull up the attachment uploader. It tends to be the most reliable way to attach a sample workbook.

    Based on what you've posted, it seems like you're trying to calculate two things in one column. One calculation would show the projected bonus based on 1/4 of the yearly quota, the other would show the actual bonus based on entirety of the yearly quota. If my understanding is correct, I would recommend using two columns. For the "Projected Bonus" column, you could use what you have, and for the "Actual Bonus" column, you could use something like the following in row 17, filled down:

    =MIN($E17,MAX(SUM($E$17:$E17)-$B$21,0))*0.25

    Experiment a bit with the attachment to see if it works as desired:
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    Re: Formula to calculate commission before quota and after quota

    Well, it's been figured out.

    Added some columns and such formulas like:
    I17 =IF(H17<=0,F17*0.25,(F17*0.25)+(H17*0.25))
    J17 =IF(SUM($E$17:E17)<=$B$21,(E17-B17)*0.25,(((E17-B17)*0.25))+((SUM($E$17:E17)-$B$21)*0.25))
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    Re: Formula to calculate commission before quota and after quota

    Good deal.

    If that takes care of your original question, please select Thread Tools from the menu link above and mark this thread as SOLVED. Thanks.
    Dave

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