Forum Discussion
Calculating Revenue between Dates
See the attached workbook. The amount per month depends on the actual number of days that fall within that month.
On row 3, you have the contract start on 15th October 2023 and end on 30th June 2024.
You list the first amount in Oct-23, but if that is correct, the duration should be 9 months:
Oct, Nov, Dec. Jan. Feb, Mar, Apr, May, Jun
And the amount should be 200,000/9.
Or do I miss something?
HansVogelaar yes you are correct. Although the reason why the table finishes at March 2024 is because the company operates on a fiscal year, April to March.
Select E2.
Enter the formula
=IF(AND($B2<=EOMONTH(E$1,0),$C2>=E$1),$A2/$D2,"")
Fill to the right to P2, then down.
HansVogelaar thank you so much this has worked a treat!
I do have another request though...
Where a contract has a value of £100,000 for a duration of 12 months and starts on 15/10/2023, I should only recognise 16 days of revenue i.e. (16/31)*(£100,000/12) = £4,301. Please advise, thanks!
But then the sum of the amounts would not be equal to the contract value anymore. Does that matter?