New user: how to add expenses and deduct from respective account (automated)

cchar

New Member
Joined
Feb 8, 2016
Messages
1
Hello everyone,

I am experimenting with an expenses report.

It has a basic form, as described below:
- Rows: Jan, Feb, ...Dec
- Columns: types of Standard Expenses, total "Standard Expenses", other types of expenses, total "Expenses", Income, Savings, Bank Account no.1, Bank Account no. 2, ... Bank Account no. x, Cash.


Each Month-Type of Expense cell contains a formula. (e.g. B2 cell: =1.5+10+19.... etc.)

I would like to automate the procedure of adding expenses to the respective column and deducting from the respective bank account or cash column.

How can I automate that?
 

Excel Facts

How to calculate loan payments in Excel?
Use the PMT function: =PMT(5%/12,60,-25000) is for a $25,000 loan, 5% annual interest, 60 month loan.

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