Hi,
I am trying to set up a formula that will allow me to allocate dates that I can expect to collect cash from bills I have sent. I have all the bills listed by months. The collections formula I am using is
January bills will be collected as follows"
In 60 days 30% will be collected
In 90 days 60% will be collected
In 120 days remaining 10% will be collected.
The percentages will not be changing, however the amounts of the billing each month will as well as the placement of 60 days from billing date.
Is there a way I can do this without retyping the formula month my month? It will take me forever and I have to apply this formula to other billings (with different percentages) so am hoping there is another way to go about this.
I've attached the wkst as an example.
Thanks,
Re: Copying formulas?
I am trying to develop a formula for a cash projection. I have a billing amount for each month. I also have a percentage of collections that will be collected each month for these billings. Collection start 30 days (or 1 month) after billing date. So for instance if billing in January was 5,000,
the first collection would be 30% in Feb, 60% of the total billing would be collected in Mar and the remaining 10% would be collected in April.
Feb billing's collection would begin 30 days (or 1 month) after billing, so the first collection at 30% would come in March, 60% in April, then 10% in May. The percentage doesn't change but the billing months and amounts do as well as the months the collections fall in.
I am trying to create one formula that I can apply for all the collections to fall into the proper months.
I posted this question earlier, then realized my worksheet was not clear enough to understand and redid it in the hopes it will be easier to follow this time.
I appreciate any suggestion anyone could offer.
Thanks!
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