+ Reply to Thread
Results 1 to 7 of 7

SUMIF function in "Price quote with tax calculation" templae

  1. #1
    Peter
    Guest

    SUMIF function in "Price quote with tax calculation" templae

    able?Hi:

    I am trying to modify the "Price quote with tqx calculation" template. We
    have 2 sales taxes. The first tax is calculated as a % of the total sales+Tax
    1. I need to show each tax separately, then total them.

    The Quote template has a column "Taxable?" (Column E) The tax is calculated
    only on the items with a T in Column E.

    Cell F31 is Subtotal: =SUM(F22:F30)

    Cell F32 is Tax Calculation 1: =7%*SUMIF(E22:E30,"T",F22;F30)

    Now I need to calculate Tax 2, which is 7.5% of the (Subtotal + Tax1). i.e.
    I need to add the Subtotal and Tax 1, multiply it by 7.5% and show that
    result. But, like Tax 1, only for the items with a T in Column E.

    I am trying the formula: =7.5%*SUMIF(E22:E30,"T",F31:F32)

    but without success:

    Any suggestions would be much appreciated.

    Thank you.


    --
    Peter

  2. #2
    Aladin Akyurek
    Guest

    Re: SUMIF function in "Price quote with tax calculation" templae



    Peter wrote:
    > able?Hi:
    >
    > I am trying to modify the "Price quote with tqx calculation" template. We
    > have 2 sales taxes. The first tax is calculated as a % of the total sales+Tax
    > 1. I need to show each tax separately, then total them.
    >
    > The Quote template has a column "Taxable?" (Column E) The tax is calculated
    > only on the items with a T in Column E.
    >
    > Cell F31 is Subtotal: =SUM(F22:F30)
    >
    > Cell F32 is Tax Calculation 1: =7%*SUMIF(E22:E30,"T",F22;F30)
    >
    > Now I need to calculate Tax 2, which is 7.5% of the (Subtotal + Tax1). i.e.
    > I need to add the Subtotal and Tax 1, multiply it by 7.5% and show that
    > result. But, like Tax 1, only for the items with a T in Column E.
    >
    > I am trying the formula: =7.5%*SUMIF(E22:E30,"T",F31:F32)
    >
    > but without success:
    >
    > Any suggestions would be much appreciated.
    >
    > Thank you.
    >
    >


    Is it not...

    =SUM(F31:F32)*7.5%

    as your description seems to suggest?

  3. #3
    Peter
    Guest

    Re: SUMIF function in "Price quote with tax calculation" templae

    Hi Aladin:

    Thanks for answering my question.

    Your solution would be correct, if there is always a tax to calculate.
    However, the calculation should only be done if there is a T in Column E.

    Let me try to show an example; my explanation was not too clear:

    Col D Col E Col F
    (Price) (Taxable?) Amount

    Row 22 75 T 75
    Row 23 25 T 25
    Row 24 10 10
    Row 30 - - -
    Row 31 Subtotal 110.00 (=SUM F22:F30)
    Row 32 Tax1 7% 7.00 (100*7%; no tax on 10)
    Row 33 Tax2 7.5% 8.03 (100+7)*7.5%
    Row 34 Total Tax 15.03 (=SUM F32:F33)
    Row 35 Total 125.03 (115.03 +10)

    Formula for Tax1: =7%*SUMIF(E22:E30,"T",F:22:F30) -- This works OK. If
    there's a T somewhere in column E, it calculates the tax; otherwise, it
    returns nothing

    ?Formula for Tax2?: =7.5%*SUMIF(E22:E30,"T",F31:F32) -- This does not work;
    it always returns a value, even if there is no T in Column E; the value is
    also calculated on the Subtotal, not on the Subtotal + Tax1


    --
    Peter


    "Aladin Akyurek" wrote:

    >
    >
    > Peter wrote:
    > > able?Hi:
    > >
    > > I am trying to modify the "Price quote with tqx calculation" template. We
    > > have 2 sales taxes. The first tax is calculated as a % of the total sales+Tax
    > > 1. I need to show each tax separately, then total them.
    > >
    > > The Quote template has a column "Taxable?" (Column E) The tax is calculated
    > > only on the items with a T in Column E.
    > >
    > > Cell F31 is Subtotal: =SUM(F22:F30)
    > >
    > > Cell F32 is Tax Calculation 1: =7%*SUMIF(E22:E30,"T",F22;F30)
    > >
    > > Now I need to calculate Tax 2, which is 7.5% of the (Subtotal + Tax1). i.e.
    > > I need to add the Subtotal and Tax 1, multiply it by 7.5% and show that
    > > result. But, like Tax 1, only for the items with a T in Column E.
    > >
    > > I am trying the formula: =7.5%*SUMIF(E22:E30,"T",F31:F32)
    > >
    > > but without success:
    > >
    > > Any suggestions would be much appreciated.
    > >
    > > Thank you.
    > >
    > >

    >
    > Is it not...
    >
    > =SUM(F31:F32)*7.5%
    >
    > as your description seems to suggest?
    >


  4. #4
    Peter
    Guest

    Re: SUMIF function in "Price quote with tax calculation" templae

    Sorry: the Tabs didn't work well in my Example:

    The Col D (Price) should be over the number 75, 25 nd 10
    Col E (Taxible) should be over the T's
    Col F should be over the Second set of 75, 25 and 10.
    All the calculations and formulae are in Col F.

    Again, any help is much appreciated. Thanks.

    --
    Peter


  5. #5
    Registered User
    Join Date
    10-02-2005
    Posts
    30
    Your function is looking for a T in the range E22:E30, but summing F31:F32.

    Change it to =7.5%*SUMIF(E22:E30,"T",F22:F30)

    Or, if you are really taxing tax, =(7.5%*SUMIF(E22:E30,"T",F22:F30))+(7.5%*F32)

  6. #6
    Aladin Akyurek
    Guest

    Re: SUMIF function in "Price quote with tax calculation" templae

    I see...

    E31: Subtotal
    F31:

    =SUM(F22:F30)

    E32: Taxable Subtotal
    F32:

    =SUMIF(E22:E30,"T",F22:F30)

    E33: Tax1
    F33:

    =F32*7%

    E34: Tax2
    F34:

    =SUM(F32:F33)*7.5%

    E35: Total Tax
    F35:

    =F33+F34

    E36: Total
    F36:

    =SUM(F32:F34)+F31-F32

    Peter wrote:
    > Hi Aladin:
    >
    > Thanks for answering my question.
    >
    > Your solution would be correct, if there is always a tax to calculate.
    > However, the calculation should only be done if there is a T in Column E.
    >
    > Let me try to show an example; my explanation was not too clear:
    >
    > Col D Col E Col F
    > (Price) (Taxable?) Amount
    >
    > Row 22 75 T 75
    > Row 23 25 T 25
    > Row 24 10 10
    > Row 30 - - -
    > Row 31 Subtotal 110.00 (=SUM F22:F30)
    > Row 32 Tax1 7% 7.00 (100*7%; no tax on 10)
    > Row 33 Tax2 7.5% 8.03 (100+7)*7.5%
    > Row 34 Total Tax 15.03 (=SUM F32:F33)
    > Row 35 Total 125.03 (115.03 +10)
    >
    > Formula for Tax1: =7%*SUMIF(E22:E30,"T",F:22:F30) -- This works OK. If
    > there's a T somewhere in column E, it calculates the tax; otherwise, it
    > returns nothing
    >
    > ?Formula for Tax2?: =7.5%*SUMIF(E22:E30,"T",F31:F32) -- This does not work;
    > it always returns a value, even if there is no T in Column E; the value is
    > also calculated on the Subtotal, not on the Subtotal + Tax1
    >
    >


  7. #7
    Peter
    Guest

    Re: SUMIF function in "Price quote with tax calculation" templae

    Thanks to both Lillibeth and Aladin for your replies.

    Sadly, Tax2 is truly a tax on Tax, so your second formula is the one that
    does the trick.

    I guess that what I didn't understand was that the range of cells in both
    the columns had to be within the same rows for the SUMIF to work.

    Now, all I need is hundreds of people asking for quotes!

    Thanks again.



    --
    Peter


    "Lilliabeth" wrote:

    >
    > Your function is looking for a T in the range E22:E30, but summing
    > F31:F32.
    >
    > Change it to =7.5%*SUMIF(E22:E30,"T",F22:F30)
    >
    > Or, if you are really taxing tax,
    > =(7.5%*SUMIF(E22:E30,"T",F22:F30))+(7.5%*F32)
    >
    >
    > --
    > Lilliabeth
    > ------------------------------------------------------------------------
    > Lilliabeth's Profile: http://www.excelforum.com/member.php...o&userid=27741
    > View this thread: http://www.excelforum.com/showthread...hreadid=472385
    >
    >


+ Reply to Thread

Thread Information

Users Browsing this Thread

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

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