Excel/updating balance by date
QUESTION: Date memo Payment deposit balance
10/2/2014 Open balance 50.00
10/7/2014 Coffee 3.00 47.00
10/22/2014 Income 100.00 47.00
How can I make the Balance on My transaction register update the balance by the date.
ANSWER: Hi Jason,
Lets say you have the above data in a sheet where A1 to E1 contain the headings Date, Memo, Payment, Deposit, Balance respectively.
Lets say opening balance is stored in cell E2 and transactions start from row 3 onwards, enter the following formula in cell E3 =E2-C3+D3
Copy this formula throughout column E and you will have a running balance column available.
Hope this helps.
---------- FOLLOW-UP ----------
QUESTION: Hi Gulshan, I have a running balance. I'm trying to find a way to make the balance column check the dates of the entries before adding them. So a2 shows 10/2/2014, and it calculated it. But a4 is 10/22/2014, that date is in the future.I don't want it to calculate that entry until the date is =today(). I hope that helps.
I'm really sorry for the delayed response. I'm actually travelling and have very limited connectivity.
Can you give me a buzz on my cell phone anytime during the coming weekend and we will try to resolve the issue right away.
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