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Richard
Richard, Software Specialist
Category: Microsoft Office
Satisfied Customers: 16836
Experience:  Over 15 year experience resolving Microsoft Office Issues
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I need a formula that can calculate which of my clients are

Resolved Question:

I need a formula that can calculate which of my clients are behind, current, or advanced in payment. I have a start date, Debit Balance, open blance.
Submitted: 10 months ago.
Category: Microsoft Office
Expert:  Richard replied 10 months ago.
Thank you for your question, my name is Richard.

I can do this for you, but it is easier to see the Excel sheet.

Can you provide it to me?

- Click the following link: http://www.wikisend.com
- Upload the file to that website
- Once it is uploaded, the resulting page will display a "File ID" number.
- Please, give me that "File ID Number"

Thank you
Customer: replied 10 months ago.


I am going off of my statement spreadsheet


 

Expert:  Richard replied 10 months ago.
ok, did you see my last message?

I need to understand your files construction to do this.

Customer: replied 10 months ago.


Ok I sent it.


open Balance is the current balance.


Debit is the initial amount.


 


if it the debit starts with 499.00 or 299.00 they make four payments.


if it the debit starts with 999.00 they make five payments.


if it the debit starts with 2600.00 they have 3 years to pay


if it the debit starts with 1499.00 they have 1 years to pay


 


 

Expert:  Richard replied 10 months ago.
You need to give me the file id please so I can download it

- Click the following link: http://www.wikisend.com
- Upload the file to that website
- Once it is uploaded, the resulting page will display a "File ID" number.
- Please, give me that "File ID Number"

Customer: replied 10 months ago.


829662

Customer: replied 10 months ago.


This list changes every month, did you get my information

Expert:  Richard replied 10 months ago.
Thanks

On these two

if it the debit starts with 499.00 or 299.00 they make four payments.

if it the debit starts with 999.00 they make five payments.

How do I know if they are behind or advanced ect?
Customer: replied 10 months ago.


by their start date


take line 24


they started on1/08/13 $499 - 100 down payment . Their contract should have been paid off by May 2013


399 - Feb 1st payment


299 - March 2nd payment


199 - April 3rd payment


99 - May final payment


 


We are in a Sept so this client is behind.


 


 

Customer: replied 10 months ago.

take line 215


 


they started on 8/16/13 $899 - 100 down payment . Their contract should have been paid off by May 2013


 


1st payment - 200.00 - Sept 2013


2nd payment - 200.00 - Oct 2013


3rd payment - 200.00 - Nov 2013


4th payment - 200.00 - Dec 2013


5th payment - 99.00 - Jan 2013


 

Customer: replied 10 months ago.

let me explain line 24 better


they started on1/08/13 $499 - 100 down payment . Their contract should have been paid off by May 2013


 


1st payment - 100.00 - Feb 2013


2nd payment - 100.00 - March 2013


3rd payment - 100.00 - Apr 2013


5th payment - 99.00 - May 2013


 


 


We are in a Sept so this client is behind.

Expert:  Richard replied 10 months ago.
so to understand

if it the debit starts with 499.00 or 299.00 they make four payments of 100 per month.

if it the debit starts with 999.00 they make five payments they make 200 per month.

if it the debit starts with 2600.00 they have 3 years to pay with 72.22 per month

if it the debit starts with 1499.00 they have 1 years to pay at 124.91


I am just trying to see the Logic you have for determining if they are ahread or behind


Customer: replied 10 months ago.

Yes something like that

Customer: replied 10 months ago.


0 Interest, No hidden fees or late fees

Expert:  Richard replied 10 months ago.
Something or exactly like that?

before I write the formula, I need to know the exact and correct rules please.

Customer: replied 10 months ago.

2600 payment per month is 63.89 or 66.67 or 100.00, depends on client and the arrangement that was made

Customer: replied 10 months ago.


the payment plan for the 1499 is the same as the 2600


 


Sorry, I have been here with this company very little and believe me I am over whelmed at the mess they have here in this collection department.

Expert:  Richard replied 10 months ago.
Where do I see all the payments that have been made already?
Customer: replied 10 months ago.


that's on quick books

Expert:  Richard replied 10 months ago.
ok, but without this information, I cannot know if they are behind or in front, as I do not know the payments they have already made.

So the formula will never be able to calculate this.

you dont have this anywhere in Excel?

Customer: replied 10 months ago.

173950


 


I added last month payment row. see new id

Expert:  Richard replied 10 months ago.
But that is just one payment.

I need a record of all the payments made

Customer: replied 10 months ago.


im not sure how to get the report from quick books


 

Expert:  Richard replied 10 months ago.
The only thing then you can do is to show the amount still outstanding.

Do you want me to implement this?

Customer: replied 10 months ago.


yes


 


the outstanding blanace is my open balance

Expert:  Richard replied 10 months ago.
ok, then you wont need a formula to show you this.

without the complete payment data, it is not going to be possible to show this as the formula has no data to use apart from just the last balance.

There is no way to tell if they are on track, only to say if they have completed the payments or not.
Richard, Software Specialist
Category: Microsoft Office
Satisfied Customers: 16836
Experience: Over 15 year experience resolving Microsoft Office Issues
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