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Billing Amount calculation based on billing frequencies

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    Billing Amount calculation based on billing frequencies

    The attached file has billing amounts from column G onwards. these billing amounts are calculated based on the subscription's start date and end date in column C and D and billing frequency in column F. I am unable to update my formula for semiannual billing. Can someone suggest help fix that
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    Re: Billing Amount calculation based on billing frequencies

    Try this, G2=IF(IFERROR(IF($D2<EDATE(G$1,1),NA(),MOD(DATEDIF(DATE(YEAR($C2),MONTH($C2),1),G$1,"m"),LOOKUP($F2,{"Annual","Monthly","Quarterly","Semiannual"},{12,1,3,2})))=0,FALSE()),$B2/MIN(LOOKUP($F2,{"Annual","Monthly","Quarterly","Semiannual"},{1,12,4,2}),DATEDIF($C2,$D2+1,"m")),0), copy across and down.

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    Re: Billing Amount calculation based on billing frequencies

    Thanks, Josephteh. This worked. Super Thankful to you!

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    Re: Billing Amount calculation based on billing frequencies

    For contracts that have greater than 12 months duration, their monthly amount needs to be divided by the duration of the contract. For example- row 4, highlighted in green, should have the monthly amount (contract value/divided by contract month) rather than 104.167.

    The correct formula would return 0 in column H---
    Last edited by firdauskhan; 11-01-2022 at 11:52 AM. Reason: Issue Resolved

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    Re: Billing Amount calculation based on billing frequencies

    Try this: I2=IF(IFERROR(IF($D2<EDATE(I$1,1),NA(),MOD(DATEDIF(DATE(YEAR($C2),MONTH($C2),1),I$1,"m"),LOOKUP($F2,{"Annual","Monthly","Quarterly","Semiannual"},{12,1,3,6})))=0,FALSE()),$B2,0)/IF($F2="Monthly",MAX(LOOKUP($F2,{"Annual","Monthly","Quarterly","Semiannual"},{1,12,4,2}),DATEDIF($C2,$D2+1,"m")),MIN(LOOKUP($F2,{"Annual","Monthly","Quarterly","Semiannual"},{1,12,4,2}),DATEDIF($C2,$D2+1,"m")))

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