Join Dennis Taylor for an in-depth discussion in this video Using times with currency calculations, part of Working with Dates and Times in Excel 2010.
If you are working with time entries and currency in the same worksheet,…the calculations might not be quite what you'll expect.…Let's look at the information in Column B. This represents Time Worked 5 hours,…7 hours and 15 minutes, and we have a Rate that someone is presumably being paid for.…We need a formula here.…You can see on the first example 5 hours, $10:00 an hour.…We know what the answer is.…It's going to be $50.…So it's just a simple multiplication.…Take this, times this, and sure enough our answer is not even close.…
It does point the problem that we have sometimes in working with time data.…Now, remember times are recorded as portions of days.…One approach to these when you can't figure out what to do is to think, well, if…it should have been 50, and it's 2.08. What's the multiplier?…Well, probably not so obvious at first, but we do know about 24 hours a day,…and let's try that.…Of course, not just try it. It does make sense here.…We need to take this calculation and multiply it by 24, and that's the…
- Understanding how Excel records and stores dates and times
- Looking at standard date/time entry options and acceptable alternatives
- Using the TODAY and NOW functions
- Customizing date formats
- Exploring keyboard shortcuts
- Formatting time for hours over 24
- Calculating differences across dates and times
- Rounding calculations
- Working with holidays
- Validating with dates
- Converting formatted dates to usable data
Skill Level Intermediate
Excel 2010: Advanced Formatting Techniqueswith Dennis Taylor3h 2m Intermediate
1. Excel's Date/Time System
2. Creating Date/Time Entries
3. Date/Time Formatting
4. Date/Time Functions
5. Calculating with Dates and Times
6. Using Dates and Times with Excel Commands
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