troubleshooting Question

Excel formula to create typical Profit & Loss Statement totals

Avatar of WeThotUWasAToad
WeThotUWasAToad asked on
Microsoft Excel
14 Comments1 Solution214 ViewsLast Modified:

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

Roy Cox
Group Finance Manager

Our community of experts have been thoroughly vetted for their expertise and industry experience.

Log in to continue reading
Become an EE member today7-DAY FREE TRIAL
Members can start a 7-Day Free trial then enjoy unlimited access to the platform for $9.99/mo
View membership options
Unlock 1 Answer and 14 Comments.
Learn why we charge membership fees
We get it - no one likes a content blocker. Take one extra minute and find out why we block content.
See how we're fighting big data
The Value of Experts Exchange in My Daily IT Life

Experts Exchange (EE) has become my company's go-to resource to get answers. I've used EE to make decisions, solve problems and even save customers. OutagesIO has been a challenging project and... Keep reading >>


Owner of Outages.IO
Phoenix, Arizona, United States
Member Since 2016
Join a full scale community that combines the best parts of other tools into one platform.
Unlock 1 Answer and 14 Comments.
View membership options
“All of life is about relationships, and EE has made a virtual community a real community. It lifts everyone's boat.”
William Peck

Member since 2004