2 min readfrom Microsoft Excel | Help & Support with your Formula, Macro, and VBA problems | A Reddit Community

Working on creating a formula to use information across two cells to determine calculations in other cells

Our take

Creating a formula to manage project earnings can be challenging, especially when determining bonuses for multiple contacts and winners. In your case, you want to allocate 5% of the net income to a single individual or 2.5% each if there are two. It sounds like you need a more streamlined approach to your calculations. Let's clarify the logic needed for your spreadsheet, ensuring that it accurately reflects the distribution of bonuses based on the presence of initials in the Contact and Winner columns.

(reposted first post got removed) I'm not certain the IF formula(s) are what I need but I'm not sure what else to use. Trying to create a spreadsheet for work: the premise is that if one or two people are the Contact for a project, they will split 5% of the project's earnings, each getting 2.5%; if only one person, they get 5%. The same for if one or two people who are the Winners for the project. I need some way for the spreadsheet to be able to see that if someone's initials are under either Contact or Winner, to then give them either 5% of the net income if they are the only Contact or only Winner, or 2.5% if they share either spot with someone else. The total amount of the net income given out as a bonus will always come to 10%. The first picture shows my 'backend' sheet and a formula I was trying that would calculate 2.5% of the Net Income if someone's initials showed up on the project, but this doesn't work if their initials only show up once because then they would need to get 5%. I would also hope there would be a less clunky way to do this many calculations. The second picture is a section of the main page of the sheet showing the Contact and Winner columns, the Net Income the bonus comes out of, and then the Total C/W amount under everyone's initials that adds up their total bonuses.

Backend sheet, 'points' refers to first sheet

First sheet of spreadsheet

Please let me know if I have not been thorough enough with explaining what I'm trying to do, I'm so deep in this now that I am really really confused and just need help straightening this all out. Using newest version of Excel on a macbook, have also been working on same spreadsheet in Windows. I'm not a beginner at excel but not all that good either. TYSM in advance.

submitted by /u/Financial_Device7400
[link] [comments]

Read on the original site

Open the publisher's page for the full experience

View original article

Related Articles

Tagged with

#Excel alternatives for data analysis#natural language processing for spreadsheets#generative AI for data analysis#modern spreadsheet innovations#machine learning in spreadsheet applications#enterprise-level spreadsheet solutions#digital transformation in spreadsheet software#collaborative spreadsheet tools#AI-driven spreadsheet solutions#cloud-based spreadsheet applications#automation in spreadsheet workflows#no-code spreadsheet solutions#AI-powered spreadsheet#spreadsheet API integration#Excel compatibility#Excel alternatives#AI formula generation techniques#formula generator#financial modeling with spreadsheets#rows.com