![]() ![]() The reason why you want to do this is because you want the formula to not only find the first record where the expense type equals the select purchase type on your expense entry table but you want to sum an array of numbers (multiple entries) where this statement/formula is true. Once you’ve entered your formula and closed the last bracket, type CTRL + SHIFT + ENTER.So if B5 equals the purchase type on our expense entries table, our true statement in the IF formula will add all of our entries when true or will add 0 for the lines that are false. Use the plus sign from the menu off to the right to add a new question, but this time choose Multiple choice. ![]() Name this one Price, confirm that Is number is shown, and then mark the Required button. Select the first box and change it to Short answer. IF will be used to SUM only the values in our value of purchase column (on the expense entries table) where the associated expense type in our Budget & Expense Tracker equals the same expense type (Select Purchase Type Column) on our detailed expense entries table/sheet. Rename your form to something recognizable.SUM is used to find to calculate the total sum of all expense entries.This means that if we are looking at cell D5 as shown below, we want to SUM the value of all expense entries when/( IF) our expense type on our expense entries table equals the expense type in D5.Īs I have mentioned in step #1, you can use structured references to build an array formula that will handle this situation. The SUM & IF Formula has one simple job, it is to return the sum of all expense entries that match the associated expense type from column B. Now that you’ve selected the cell and setup your expense entries table, you can create your nested array SUM & IF Formula ( click here for more on array formulas). Savings: emergency fund, RRSPs, RESPs, TFSAs, seasonal expenses (e.g.Step # 2: Creating and Writing the Nested Array SUM & IF Formula Personal: tobacco, alcohol, books, music, clothing and shoes, donations, subscriptionsĮating Out: meals, snacks, take-out, beverages (coffee, tea, juice, soft drinks)Įntertainment: recreation, sports equipment and fees, movies, concerts, hobbies, gamingĬhild: daycare, lessons and activities, allowance, school supplies and fees, babysitting, programs, tutorsĭebt Payments: credit cards, loans, leases, support payments, government debts, personal debt Health Care: medical premiums, life insurance, medication, eye care, dental, supplements, wellness costs Transportation: fuel, auto insurance, transit, parking, taxi, rentals, car sharing, tolls ![]() Living: personal care, bank fees, salon and spa services, dry cleaning, pet costs, memberships (fitness, clubs, associations) Groceries: food, baby needs, household supplies, toiletries Household: furnace, water tank, roof and gutters, decor, upgrades, storage locker, gardening, cleaning services, outdoor equipment and maintenance Utilities: phone/cell, cable/internet, gas, hydro, security Housing: mortgage, rent, strata fees, house insurance, property taxes View a sample of a completed tracker (from the previous version of our Monthly Expenses Tracker).Įxpense Categories – Know Where Your Money is Going 5.2K views 3 months ago Excel for Accounting. This becomes the cash balance for the next week. If there’s a surplus, you should have money in your wallet or bank account.
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