# Monthly Amount formula in a budget with various frequencies of amounts

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4 - Data Explorer

I am creating a budget and have amounts incoming at various frequencies. I want to create a field that calculates the monthly amount based on a formula. This is the formula I have got but I get an Invalid Formula error message:

IF(
{Frequency} = "Daily", {Amount} * 30,
IF(
{Frequency} = "Weekly", {Amount} * 4.33,
IF(
{Frequency} = "Bi-weekly", {Amount} * 2.167,
IF(
{Frequency} = "Monthly", {Amount},
IF(
{Frequency} = "Quarterly", {Amount} / 3,
IF(
{Frequency} = "Twice-Annually", {Amount} / 6,
IF(
{Frequency} = "Annually", {Amount} / 12,
0 // Default case, if none of the above matches
)
)
)
)
)
)
)

How do I need to correct it?

1 Solution

Accepted Solutions
18 - Pluto

Looks like you deleted the last "0" at the end of your formula; it should be "/12, 0"?

``````IF(
{Frequency} = "Daily",
{Amount} * 30,
IF(
{Frequency} = "Weekly",
{Amount} * 4.33,
IF(
{Frequency} = "Bi-weekly",
{Amount} * 2.167,
IF(
{Frequency} = "Monthly",
{Amount},
IF(
{Frequency} = "Quarterly",
{Amount} / 3,
IF(
{Frequency} = "Twice-Annually",
{Amount} / 6,
IF(
{Frequency} = "Annually",
{Amount} / 12,
0
)
)
)
)
)
)
)``````

4 Replies 4
18 - Pluto

There's no commenting system for formulas I'm afraid.  Once you remove the // it'll work fine:

4 - Data Explorer

Thank you! I now have it like this but it's still giving me an the error "Sorry, there was a problem saving this field. Invalid formula. Please check your formula text.":

IF(
{Frequency} = "Daily", {Amount} * 30,
IF(
{Frequency} = "Weekly", {Amount} * 4.33,
IF(
{Frequency} = "Bi-weekly", {Amount} * 2.167,
IF(
{Frequency} = "Monthly", {Amount},
IF(
{Frequency} = "Quarterly", {Amount} / 3,
IF(
{Frequency} = "Twice-Annually", {Amount} / 6,
IF(
{Frequency} = "Annually", {Amount} / 12,
)
)
)
)
)
)
18 - Pluto

Looks like you deleted the last "0" at the end of your formula; it should be "/12, 0"?

``````IF(
{Frequency} = "Daily",
{Amount} * 30,
IF(
{Frequency} = "Weekly",
{Amount} * 4.33,
IF(
{Frequency} = "Bi-weekly",
{Amount} * 2.167,
IF(
{Frequency} = "Monthly",
{Amount},
IF(
{Frequency} = "Quarterly",
{Amount} / 3,
IF(
{Frequency} = "Twice-Annually",
{Amount} / 6,
IF(
{Frequency} = "Annually",
{Amount} / 12,
0
)
)
)
)
)
)
)``````

4 - Data Explorer

Yes, that worked! Thank you so much!