IF statements

[gmackk]

Hello all,

I am working on a cash flow model and am scratching my head trying to get a formula right, I would be grateful for some advice.

My business collects cash from customers and pays out expenses to vendors. At the end of each month if there is excess collections (i.e. monthly collections minus monthly expenses) available I would like to allocate 10% of this to a reserve account.

In months where there is excess collections the reserve account will be topped up by 10% of excess collections. Once this reserve account hits a maximum amount (e.g. 7,500,000) then the top ups will stop.

In months where there is negative collections (i.e. monthly expenses exceeds monthly collections) then reserve account will be reduced by the shortfall.

Test formula.xlsx
	A	B	C	D	E	F	G	H	I	J	K	L	M	N	O	P	Q	R	S	T	U	V
1	Annual Amort %	31-Dec-22	31-Mar-23	30-Jun-23	30-Sep-23	31-Dec-23	31-Mar-24	30-Jun-24	30-Sep-24	31-Dec-24	31-Mar-25	30-Jun-25	30-Sep-25	31-Dec-25	31-Mar-26	30-Jun-26	30-Sep-26	31-Dec-26	31-Mar-27	30-Jun-27	30-Sep-27	31-Dec-27
2	Collections (1 quarter lag)		7,723,518	7,745,518	7,756,518	7,756,518	7,756,518	7,756,518	7,756,518	7,510,518	7,510,518	7,510,518	7,510,518	7,324,354	7,463,977	7,071,977	6,959,977	6,974,509	7,017,435	7,148,348	7,148,348	6,803,348
3	Principal		- 2,864,086	- 2,864,086	- 2,864,086	- 2,864,086	- 2,645,214	- 2,645,214	- 2,645,214	- 2,645,214	- 2,443,485	- 2,443,485	- 2,443,485	- 2,443,485	- 2,257,525	- 2,257,525	- 2,257,525	- 2,257,525	- 2,086,070	- 2,086,070	- 2,086,070	- 15,089,007
4	Interest		- 2,860,670	- 2,807,337	- 2,754,005	- 2,700,672	- 2,647,339	- 2,598,082	- 2,548,825	- 2,499,568	- 2,450,311	- 2,404,810	- 2,359,310	- 2,313,809	- 2,268,309	- 2,226,271	- 2,184,233	- 2,142,195	- 2,100,157	- 2,061,312	- 2,022,467	- 1,983,622
5	Other fees		- 579,264	- 580,914	- 581,739	- 581,739	- 581,739	- 581,739	- 581,739	- 563,289	- 563,289	- 563,289	- 563,289	- 549,327	- 559,798	- 530,398	- 521,998	- 523,088	- 526,308	- 536,126	- 536,126	- 510,251
6	[Misc]		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
7	Liquidity reserve		- 141,950	- 149,318	- 155,669	- 161,002	- 188,223	- 193,148	- 198,074	- 180,245	- 205,343	- 209,893	- 214,443	- 201,773	- 237,835	- 205,778
8	Excess cash at end of waterfall		1,277,548	1,343,862	1,401,019	1,449,019	1,694,003	1,738,335	1,782,666	1,622,202	1,848,090	1,889,040	1,929,991	1,815,960	2,140,511	1,852,005	1,996,221	2,051,701	2,304,900	2,464,839	2,503,684	- 10,779,532
9
10	Liquidity reserve
11	Opening		5,000,000	5,141,950	5,291,268	5,446,937	5,607,939	5,796,161	5,989,310	6,187,384	6,367,628	6,572,972	6,782,865	6,997,308	7,199,082	7,436,916	7,642,695	7,642,695	7,642,695	7,642,695	7,642,695	7,642,695
12	Movement		141,950	149,318	155,669	161,002	188,223	193,148	198,074	180,245	205,343	209,893	214,443	201,773	237,835	205,778
13	Closing		5,141,950	5,291,268	5,446,937	5,607,939	5,796,161	5,989,310	6,187,384	6,367,628	6,572,972	6,782,865	6,997,308	7,199,082	7,436,916	7,642,695	7,642,695	7,642,695	7,642,695	7,642,695	7,642,695	7,642,695
14
15
16
17	Liquidity reserve
18	Initial amount	5,000,000
19	Target	7,500,000
20	Available collections	10%
21
Overview

Cell Formulas
Range	Formula
D1:V1	D1	=EOMONTH(C1,3)
C7:V7	C7	=IF(C11<$B$19,-SUM(C2:C5)*$B$20,"")
C8:V8	C8	=SUM(C2:C7)
C11	C11	=B18
D11:V11	D11	=C13
C12:V12	C12	=IF(C11<$B$19,-C7,"")
C13:V13	C13	=SUM(C11:C12)
M17	M17	=IF(SUM($Q$2:$Q$6)<0,-SUM($Q$2:$Q$6),"")

 

[gmackk]

Just to follow up on this, cell P12 should only be topped up by $63,083.71 (i.e. to bring the balance up to the $7,500,000 maximum size), with the remaining amount going back into "Excess cash at end of waterfall"