Prepaid Expense amortization

Hi All, 

Can anyone help me out with this excel file. I want a formula which auto calculate according to the month between start date and end date. 

NAME START DATE END DATE NO.OF DAYS AMOUNT PER DAY Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13
OFFICE RENT TAX '13-14 15-Jan-2013 14-Jan-2014 365      80,000.00       219.18 3506.849                  

Thanks.

 


Attached File : 3128402 20200610181611 prepaid sheet.xlsx downloaded: 99 times
Replies (5)
Quick Summary
A user is seeking an Excel formula to automate the calculation of prepaid expense amortisation. They need a formula that correctly accounts for the number of days in each month between a specified start and end date, including partial days in the first and last month. The user has tried a formula but it only calculates for the initial month and needs assistance to ensure it works for the entire period.

I have an example. Maybe you can check if this is working out.

If it doesn’t work out, enter manually and drag.

https://www.mrexcel.com/board/threads/prepaid-expense-amortization-formula.924171/

Thanks, but this equation calculate according to month. I actually want if start date is on Jan 15 Calculate the remaining 16 days only, after Jan Feb 28 days and so on.

I tried this formula =IFS(AND(G1<$B2,G1<$C2),SUM(DAYS(EOMONTH($B2,0),$B2)*$F2),AND(G1>$B2,G1<$C2),(EOMONTH(G1,0))*$F$2) but this one only calculate the first month only.

That is great that you could work it out. Did you try to drag it to the right to auto fill? This is as much as I know. 

Yeah, I tried but it only read the first condition. Anyway thanks for your kind reply. Still working on it to sort out.

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