Buy & sell formula

Sarah7828

New Member
Joined
Oct 25, 2024
Messages
15
Office Version
  1. 2021
Hi

I have the following data:

ColumnA. Column B
Buy 3
Sell -2
Buy 4
Sell -6

I have created a Sumif function as follows:


Sumif(a:a, “Buy”, b:b) - sumif(a:a, “Sell”, b:b)


However , it doesn’t provide me with the correct net amount as the sells are negative values

Is there away I can you the ABS function in the sell formula to get me the result? Or is there a better formula altogether?

Thanks
 

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There's several ways. Because your sell amounts are negative, then you should add the SUMIFS
Excel Formula:
=SUMIF(A1:A4,"Buy",B1:B4)+SUMIF(A1:A4,"Sell",B1:B4)
or you could take the absolute value of the sells and subtract
Excel Formula:
=SUMIF(A1:A4,"Buy",B1:B4)-ABS(SUMIF(A1:A4,"Sell",B1:B4))
or, again because the sell amounts are negative, you could just sum column B
Excel Formula:
=SUM(B1:B4)

All of these give the same answer (-1)
 
Upvote 0
Solution
There's several ways. Because your sell amounts are negative, then you should add the SUMIFS
Excel Formula:
=SUMIF(A1:A4,"Buy",B1:B4)+SUMIF(A1:A4,"Sell",B1:B4)
or you could take the absolute value of the sells and subtract
Excel Formula:
=SUMIF(A1:A4,"Buy",B1:B4)-ABS(SUMIF(A1:A4,"Sell",B1:B4))
or, again because the sell amounts are negative, you could just sum column B
Excel Formula:
=SUM(B1:B4)

All of these give the same answer (-1)
Thank you so much . . I will use the 2nd .- take you for confirming
 
Upvote 0

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