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Excel formula to create typical Profit & Loss Statement totals

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Last Modified: 2016-01-11
Hello,

What formula in Excel will extract totals from a standard checkbook account to create the values in a typical Profit & Loss Statement?

Suppose a spreadsheet contains a ledger showing dated and categorized payments for some number of years — in a form similar to a standard checking account as shown here:

Fig. 1What formula would return the sum of all payments in a given category for a specified date range?

For example, suppose you want to determine a total for the following:

Category: groceries
From: 01/01/15
To: 06/30/15

Thanks
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