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Thread: Countif & Sumif Question

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    I have a spreadsheet that contains a list of loans closed by date along with other relevant information relating to each loan. I want to count the number of loans closed and also sum the total dollars closed each month. I'm not sure where to begin.

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    Here is one way to do it
    Say you have 3 columns, Dollar Amount(ColA), Status (Closed or Open)(ColB), and a third column for your total closed (ColC)

    In column C, enter an if formula and copy it to each row

    =if(B1="Closed",A1,"")

    this will return the Dollar amount if that loan is closed, or a blank cell if the loan is open.

    Then just sum up Column C with a sum function.

    Hope that helps

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    MrExcel MVP Aladin Akyurek's Avatar
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    On 2002-03-04 07:36, kimbo204 wrote:
    I have a spreadsheet that contains a list of loans closed by date along with other relevant information relating to each loan. I want to count the number of loans closed and also sum the total dollars closed each month. I'm not sure where to begin.
    Have a look at PivotTables.

    For a formula-based approach, see the example discussed at:

    http://www.mrexcel.com/wwwboard/messages/8961.html



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    Board Regular Brian from Maui's Avatar
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    [ This Message was edited by: Brian from Maui on 2002-03-05 08:42 ]

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