Hi all, hope you guys can help solve a practical accounting problem, and save me a lot of time in the process.
You see, the problem is quit simple, as it is all a matter of checks and balances, as the example illustrates.
Take for instance situation A, were someone has an outstanding debt of 100 on the 1. of january and later on the 2. of january settles the account by making a payment of the exact amount as the outstanding debt.
Now that was the simple situation. Now lets turn to the more realistic situation B, where you have some large outstanding debts, and then a lot of patial payments, such as illustrated in Situation B. In the example there are some combinations of incoming payments that balances the outstanding debt of 200. (eg. both 55 + 45 + 100 = 200 as does the combination 150 + 50). Now the quistion for you is: Is there a way to configure excel to automaticly suggest that both the 3 incomings payments of 55+45+100 equals 200 but at the same time it also suggests that 150 + 50 equals 200?. That is to say ... ask excel to compare all the values in coloum "incoming payment" with one of the amounts in the "outstanding debts" coloum and then find the right combinations?
There are no other data available to cross reference with, other than the amounts. (of course in reality this is not the case)
[URL="http://img13.imageshack.us/i/capturehn.jpg/"]
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You see, the problem is quit simple, as it is all a matter of checks and balances, as the example illustrates.
Take for instance situation A, were someone has an outstanding debt of 100 on the 1. of january and later on the 2. of january settles the account by making a payment of the exact amount as the outstanding debt.
Now that was the simple situation. Now lets turn to the more realistic situation B, where you have some large outstanding debts, and then a lot of patial payments, such as illustrated in Situation B. In the example there are some combinations of incoming payments that balances the outstanding debt of 200. (eg. both 55 + 45 + 100 = 200 as does the combination 150 + 50). Now the quistion for you is: Is there a way to configure excel to automaticly suggest that both the 3 incomings payments of 55+45+100 equals 200 but at the same time it also suggests that 150 + 50 equals 200?. That is to say ... ask excel to compare all the values in coloum "incoming payment" with one of the amounts in the "outstanding debts" coloum and then find the right combinations?
There are no other data available to cross reference with, other than the amounts. (of course in reality this is not the case)
[URL="http://img13.imageshack.us/i/capturehn.jpg/"]
[/URL]
