+ Reply to Thread
Results 1 to 6 of 6

Formula to calculate monthly salary from annual salary

  1. #1
    Registered User
    Join Date
    08-24-2022
    Location
    Atlanta, GA
    MS-Off Ver
    2013
    Posts
    5

    Question Formula to calculate monthly salary from annual salary

    For each employee, I have:

    Hire date
    Termination date
    Annual salary
    I need to calculate how much the employee earned each month based on the number of working days in that month (and year).
    I have attached an image of an example of how the setup is like. I need to blank column to be fill out with a formula that will calculate until the year 2030. As you can see we have termination dates in the middle of the year and start dates in the middle of the year so the annual salary will the hald the first year the employee starts. I need to show that in my workbook.

    Salary Calculation Sample.xlsx
    Last edited by jollybeejollyrancher; 08-25-2022 at 01:21 PM.

  2. #2
    Forum Moderator AliGW's Avatar
    Join Date
    08-10-2013
    Location
    Retired in Ipswich, Suffolk, but grew up in Sawley, Derbyshire (England)
    MS-Off Ver
    MS 365 Subscription Insider Beta Channel v. 2404 (Windows 11 22H2 64-bit)
    Posts
    79,392

    Re: Salary Calulation

    Welcome to the forum.

    There are instructions at the top of the page explaining how to attach your sample workbook (not a picture of it).

    A good sample workbook has just 10-20 rows of representative data that has been desensitised. It also has expected results mocked up, worked examples where required, relevant cells highlighted and a few explanatory notes.
    Ali


    Enthusiastic self-taught user of MS Excel who's always learning!
    Don't forget to say "thank you" in your thread to anyone who has offered you help.
    You can reward them by clicking on * Add Reputation below their user name on the left, if you wish.

    Forum Rules (updated August 2023): please read them here.

  3. #3
    Registered User
    Join Date
    08-24-2022
    Location
    Atlanta, GA
    MS-Off Ver
    2013
    Posts
    5

    Re: Salary Calulation

    Thank you will edit this!

  4. #4
    Forum Moderator AliGW's Avatar
    Join Date
    08-10-2013
    Location
    Retired in Ipswich, Suffolk, but grew up in Sawley, Derbyshire (England)
    MS-Off Ver
    MS 365 Subscription Insider Beta Channel v. 2404 (Windows 11 22H2 64-bit)
    Posts
    79,392

    Re: Formula to calculate monthly salary from annual salary

    Is this what you want?

    In F3 copied down:

    =YEAR(C3)

    EDIT: No, that's not it - I misread your post. Sorry!
    Last edited by AliGW; 08-26-2022 at 01:20 AM.

  5. #5
    Forum Moderator AliGW's Avatar
    Join Date
    08-10-2013
    Location
    Retired in Ipswich, Suffolk, but grew up in Sawley, Derbyshire (England)
    MS-Off Ver
    MS 365 Subscription Insider Beta Channel v. 2404 (Windows 11 22H2 64-bit)
    Posts
    79,392

    Re: Formula to calculate monthly salary from annual salary

    In G3 copied across and down:

    =IF(G$2=EOMONTH($C3,-1)+1,ROUND($E3/12/(EOMONTH($C3,0)-$C3),2),IF(G$2=EOMONTH($D3,-1)+1,ROUND($E3/12/DAY($C3),2),IF(G$2>=EOMONTH($D3,0)+1,"",IF(G$2>=EOMONTH($C3,0)+1,ROUND($E3/12,2),""))))
    Attached Files Attached Files

  6. #6
    Forum Moderator AliGW's Avatar
    Join Date
    08-10-2013
    Location
    Retired in Ipswich, Suffolk, but grew up in Sawley, Derbyshire (England)
    MS-Off Ver
    MS 365 Subscription Insider Beta Channel v. 2404 (Windows 11 22H2 64-bit)
    Posts
    79,392

    Re: Formula to calculate monthly salary from annual salary

    Any queations?

    If that takes care of your original question, please choose Thread Tools from the menu link above and mark this thread as SOLVED.
    Last edited by AliGW; 08-26-2022 at 11:02 AM.

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. [SOLVED] Calculate salary between two date ( depending on monthly salary, not daily)
    By Allahveren in forum Excel Formulas & Functions
    Replies: 4
    Last Post: 01-31-2022, 11:20 AM
  2. Formula to compute backwards from net salary to gross salary in Uganda
    By munaaba in forum Excel - New Users/Basics
    Replies: 5
    Last Post: 10-05-2021, 03:24 AM
  3. Adding Salary Increase to already prorated salary amount based on a salary increase date
    By Excelhelppleasethank in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 08-09-2019, 03:43 PM
  4. Replies: 7
    Last Post: 08-29-2018, 08:28 AM
  5. Replies: 1
    Last Post: 11-22-2017, 05:27 AM
  6. [SOLVED] Need formula for prorating monthly salary based on hire/fire date and annual salary.
    By Excel_Help_Pls in forum Excel Formulas & Functions
    Replies: 8
    Last Post: 08-06-2015, 12:56 AM
  7. Replies: 2
    Last Post: 05-27-2014, 01:17 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1