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I am having trouble with the following formula.  

=IF(C:C=”Credda”,B:B-40,IF(C:C=”Crest”,(B:B-40)*1.01,IF(C:C=”Synchrony”,B:B*5.75%,IF(C:C=”West Creek”,B:B*0,IF(C:C =”Credit Card”,B:B*1.25%,IF(C:C=”Simple”,B:B*0, IF(C:C=”Okinus”,B:B*0,IF(C:C=”Progressive”,B:B*0,IF(C:C=”Cash”,B:B*0,IF(C:C=”Check”,B:B*0)))))

I am trying to get finance fees to calculate on our daily balance sheet.

Column C - Type of Payment

Column B - Invoice Amount

Column D - is the formula above


I put a version of your formula in F4 and drag filled it down.  I had values for each of your conditions.  It appeared to compute OK for me.   Here is the formula:

=IF(C:C="Credda",B:B-40,IF(C:C="Crest",(B:B-40)*1.01,IF(C:C="Synchrony",B:B*5.75%,IF(C:C="West Creek",B:B*0,IF(C:C ="Credit Card",B:B*1.25%,IF(C:C="Simple",B:B*0, IF(C:C="Okinus",B:B*0,IF(C:C="Progressive",B:B*0,IF(C:C="Cash",B:B*0,IF(C:C="Check",B:B*0))))))))))

You had a parenthesis inbalance and you had smart quotes which Excel can not work with.  

So I don't see a problem with your formula in Excel 2007 or later.  In earlier versions you might have too many conditions (but you didn't say what version of excel).

I have attached an image of my results.

Tom Ogilvy

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Tom Ogilvy


Selected as an Excel MVP by Microsoft since 1999. Answering Excel questions in Allexperts since its inception in 2001. Able to answer questions on almost all aspects of Excel's internal capabilities. If seeking a VBA solution, please specify that in your question itself so I give you the answer you want. [Excel has weak protection - if you are distributing an application, I don't answer questions on how to protect your project from your users.]


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Master of Science (MS) degree Operations Research (ORSA)

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Microsoft MVP in Excel.

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