This takes the sum of B8 and B9 and then takes that answer divided by 60. Now that we have a formula that will automatically calculate these amounts, we can drag the formula down the spreadsheet to prepare for any entries we make in the expense or deposit column.įor example, when division and addition is used together, it might be formatted as =sum(B8:B9)/60. If you omit this, then every cell that uses the formula but doesn’t have something to calculate, will show #N/A, which doesn’t look very nice. TRUE,””: This is a placeholder that will mark the cell with nothing unless there’s something to calculate.C4+B5: If there’s a deposit, then add it to the balance to calculate the new balance.B5>0: This is the other ‘if’ statement that asks whether the deposit field is filled out.C4-A5: This is what happens if there’s a value in A5 we’ll take the balance minus the value in A5.A5>0: This is the first if statement that says if A5 is greater than 0 (i.e., if there’s a value there at all), then do the following….We want one formula to run if the expense is filled out (this would be subtraction like shown above) and a different one (addition) if the deposit if entered. The ifs part is simply saying that we’re wanting to match more than one “if” because we don’t know if the expense or the deposit will be filled out.
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