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Formula for business profit/loss account

  1. #1
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    Formula for business profit/loss account

    Hello,

    I am in the process of making a profit/loss account in excel for my business.

    In one tab, which I have named income I have used the data validation tool to select which category of income I have received (sale of goods, refunds, compensation, etc.). In the second tab, which I have named expenses I have again used the data validation tool to select the category of business expense (Stock, postage, etc). In the third tab, which is the profit loss account I have named each row with the types of income and types of expense that my business gets.

    What I would like to know is how I can automatically add the numbers up from each category (from both the income and expense tab) and put the added numbers in the appropriate box in the profit/loss tab.

    Would this be possible without using macro as I'm not very experienced with macros.

    Thanks

    John

  2. #2
    Forum Expert NBVC's Avatar
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    Re: Help on formula for business profit/loss account

    It'd be better to see a workbook sample to picture this.. but perhaps you can use Countif or Sumif.. check those functions out in Excel Help to see if they are a possibility.
    Where there is a will there are many ways.

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  3. #3
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    Re: Help on formula for business profit/loss account

    The SUMIF function has worked a treat!

    Thanks a lot!

  4. #4
    Forum Expert royUK's Avatar
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    Re: Formula for business profit/loss account

    You could use a PivotTable
    Hope that helps.

    RoyUK
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    Forum Expert pike's Avatar
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    Re: Formula for business profit/loss account

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