Re: IF statements + calculations

640 0
Showing results for 
Search instead for 
Did you mean: 
4 - Data Explorer
4 - Data Explorer

Hi community!

I am trying to track the status of payments which are made in multiple installments. For instance, we may make a payment for $400,000 but pay quarterly installments of $100,000.

I would like to have the Total Paid field auto calculate using the payment schedule in the table. Total paid would equal {payment one} + {payment 2} + {payment 3} + {payment 4} but only when the corresponding payment status field has been marked as “complete” AND the corresponding payment date be in the current year (01/01/22-12/31/22).

Any ideas?

Screen Shot 2022-02-17 at 2.13.22 PM

2 Replies 2

You’ll want to make use of a second table for “Payments”. One record for each Payment or Installment, and each Payment/Installment record linked back to the “Obligation” or “Invoice” it is paying. Each Payment/Installment can then have its own date stamp and amount.

Then you can use a Rollup field to total all Payments/Installments that are linked to a single Obligation or Invoice.

Thank you! I will give that a try.