Excel formula/function
Options
Uncleboobot
Registered Posts: 45 Regular contributor ⭐
Hi, I am having trouble finding the right formula with an excel spreadsheet. I have a client who pays us based upon when they approve our invoice. So, if an invoice is approved, between date 1 and date 2, then the payment date will be date 3.
I know the invoice approval dates, but would like to know if there is a formula or function I can use to run through the data and return the date the invoice will be paid (date 3)
Thanking you in advance
I know the invoice approval dates, but would like to know if there is a formula or function I can use to run through the data and return the date the invoice will be paid (date 3)
Thanking you in advance
0
Comments
-
Is there a set date when invoices get paid, for example: whenever you get an invoice it has to be paid 10 days after.
So from your invoice approval date add 10 days. In Excel select cell, then =, then select 'invoice approval date', then +10.0 -
Hi Mergen, - sorry for the late reply, only just seen your response. The company always pay on the first Friday of each month. So the payment schedule looks a bit like this.
Period End and Payment Dates 2018
Period Number Period Start Period End Dates Date paid
Period 1 28/12/2017 24/01/2018 09/03/2018
Period 2 25/01/2018 21/02/2018 06/04/2018
Period 3 22/02/2018 28/03/2018 11/05/2018
Period 4 29/03/2018 25/04/2018 08/06/2018
Period 5 26/04/2018 23/05/2018 06/07/2018
Period 6 24/05/2018 27/06/2018 10/08/2018
Period 7 28/06/2018 25/07/2018 07/09/2018
Period 8 26/07/2018 22/08/2018 05/10/2018
Period 9 23/08/2018 26/09/2018 09/11/2018
Period 10 27/09/2018 24/10/2018 07/12/2018
Period 11 25/10/2018 21/11/2018 04/01/2019
Period 12 22/11/2018 26/12/2018 08/02/2019
Like I said, I know the date the invoice was approved, it's just that I wanted to create a formula to use in a spreadsheet to tell me when each invoice will be paid.
TIA, Stuart
0
