Hello, Everyone. I am currently working on creating a VAT (Value Added Tax) calculator in Microsoft Excel as I'm tired of using online vat calculator websites and I've encountered a challenge with the formulas. I would appreciate some guidance to resolve the issue.
Here's an overview of what I've done so far
Column A: Item Descriptions
Column B: Prices
Column C: Quantities
Column D: Total Prices (calculated by multiplying prices by quantities)
VAT Rate:
In cell E1, I have entered the VAT rate as a percentage (e.g., 20%).
Formulas I've Used:
In cell F2, I used the formula to calculate VAT for the first item:
=B2*C2*E1
In cell G2, I used the formula to calculate the total price including VAT for the first item:
=B2*C2*(1+E1)
While these formulas work for the first item, I am having trouble copying them down for the rest of the items. The cell references don't seem to adjust correctly.
I have also calculated the subtotal by summing the total prices excluding VAT and the total amount including VAT by summing the total prices including VAT.
I have formatted the cells for a clean appearance.
Could someone please review my approach and formulas? Additionally, how can I ensure that the formulas adjust correctly when copying them down for multiple items?
Thank you in advance for your assistance.
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