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Converting time into Dollars

Posted on 2012-04-09
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Last Modified: 2012-04-09
EE Professionals,

I have a timesheet that has a Time-In and a Time-Out.  I am trying to calculate the amount of time that transpires between the In and Out record (Column E) and then simply multiply it times a Rate per Hour to give me a result.  I need the formula for calculating Column E.

Much thanks in advance,

B.
Calculating-Time-to-Money.xlsm
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Question by:Bright01
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7 Comments
 
LVL 43

Expert Comment

by:Saqib Husain, Syed
ID: 37823944
Try this formula

=D3-C3+IF(D3<C3,1)
0
 
LVL 43

Expert Comment

by:Saqib Husain, Syed
ID: 37824021
Or simply

=D3-C3+(D3<C3)
0
 

Author Comment

by:Bright01
ID: 37824325
ssaqibh,

Thanks for the formula.  Unfortunately it doesn't work.  4pm to 1am isn't .38 hrs. (Column E).

Can you take a look at the spreadsheet?

Thank you,

B.
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LVL 43

Expert Comment

by:Saqib Husain, Syed
ID: 37824338
Format the cell as [h]:mm
0
 

Author Comment

by:Bright01
ID: 37824426
Got it.  Now look at G.  What is the formula I use to calculate the Amount?

Right now I'm using   =(([@Hours]*Hourly_Rate)+[@Additional]), but that's not working.

Thank you!

B.
0
 
LVL 43

Accepted Solution

by:
Saqib Husain, Syed earned 500 total points
ID: 37824443
=E3*$B$1*24+I3
0
 

Author Closing Comment

by:Bright01
ID: 37824517
Seems so simple!  Much thanks.....works great.

B.
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