Can't figure out why excel is rounding currency - excel

Here is my excel table:
The cell with 8.83 = =((C8-B8)*24)-D8
*C8 = 4:50PM
*B8 = 7:30AM
*D8 = 0.50
The cell $371.00 = =(E8*B3)
Why does my total show $371.00 when B3 = $42? It should be $370.86. I don't have it set to round but for some reason it keeps on doing it.

Because, the actual result of formula =((C8-B8)*24)-D8 is 8.833333333. Due to cell formatting you are seeing 8.83. If you want result for only two digit after decimal point then use round function like-
=ROUND(((C8-B8)*24)-D8,2)
Then you will get result 370.86. Or you can directly use in resulting cell.
=ROUND(E8,2)*B3

$371 is “technically” the correct amount, mathematically. You are actually doing rounding when you are hand-calculating your cross-check, and that isn’t matching Excel’s unfounded calculation.
( 4:50pm - 7:30am ) is 9.3333333 repeating, or “9-1/3”. Divided by 24 leaves you 8.8333333 repeating, not 8.83. Excel is doing what it’s supposed to do, and 371.00 is the correct amount. If your use case calls for times to be rounded to .01 hours and no further then you’ll need to apply rounding somewhere in cell E8.

Related

Odd value returned by LEN in EXCEL

Consider, for example, the following function strings inside some cells:
A1 = B1 - INT(B1)
A2 = LEN(A1)
A2 will return 17 regardless of the value returned by the function (and thus held) in A1. I suspect that this has to do with the precision returned by INT(B1), but I don't know enough of Excel's inner-mechanisms to confirm.
The end goal is to obtain the length of the decimal part of a number held in B1. For example, if B1 = 978.01194, A2 would hold 5 (LEN(01194)). Obviously this would require a subtraction of 2 to eliminate the counting of the leading (0.) in my implementation above, but that's assuming I can get proper results with this method. Any help or guidance in other methods would be greatly appreciated!
EDIT:I realized that the loss of proper precision occurs only when I subtract the two quantities. INT(B1) returns proper precision, and using its length I can obtain the decimal by subtracting from the original. Would still like to know what is causing the operation in A1 to lose precision internally for LEN.
Alternatives are to use number that is not result from a calculation :
= LEN(B1) - LEN( INT(B1) ) - 1
or round the number to less than 15.95 significant digits :
= LEN( ROUND( B1 - INT(B1), 16 - LEN(INT(B1)) ) ) - 2
= LEN(TEXT(B1,"0.##############")) - LEN(INT(B1)) - 1
Another alternative is to FIND where the decimal occurs and use that as an offset, e.g.
= LEN(B1)-FIND(".",B1)
In general, it is not wise to perform a mathematical operation on a number when what you are really interested in is the text that represents the number for this exact reason. Floating points are not very reliable for dealing with exactness which is why you are experiencing the extra trailing numbers after the decimal in this case.

Calculation is wrong, Rounding wrong

For some reasons Excel doesn't calculate correctly:
Calculation = 4642,83 * (60,13-60,08) / 66,84 = 3,47...
Excel = 3,40.
It is really important that I calculate directly because it will be rounded. The first one is rounded to 4, the second one is rounded to 3 which is a big difference in my calculation.
Anyone knows how to fix this?
EDIT: Calculation in my excel sheet
=ABS(K2*(K11-K10)/K13) ==> gives me 3,40
K2 = 4642,83
K11 = 60,08
K10 = 60,13
K13 = 66,84
Other sheet:
=ABS(A1*(A2-A3)/A4) ==> gives me 3,47
A1 = 4642,83
A2 = 60,13
A3 = 60,08
A4 = 66,84
The problem is that the numbers are being calculated to a higher precision. Try,
=ABS(ROUND(K2, 2)*(ROUND(K11, 2)-ROUND(K10, 2))/ROUND(K13, 2))
Look into the 'Precision as displayed' option but be sure to understand all of the caveats before deciding to do it.
1- Check out Format Cells for result Cell.
the category should be General or Number with appropriated Decimal Places.
2- Make sure the above formula is:
=4643.83*(60.13-60.08)/66.84
It returns: 3.473840515
If you set about two, the true result is returns.
Thanks for edition details, thus the precision is in this matter, is related two above.
Pic1: Calculating your original question expression.
And bellow one as your above question edition:

How to exclude zero entry from a dynamic formula (SUBTOTAL + SUMPRODUCT) in excel

I'm working on a formula to get the standard deviation. It has been working not until I encountered a zero value which makes the result into #DIV/0!.
This is the screenshot of the expected value.
However, when I used my formula, the Game Time SD returned 0.
How do I exclude it in the calculation if the value in F column is zero? I tried IF(F5:F9 <> 0) but it won't work.
This is the formula I used.
F3 = IFERROR(SUBTOTAL(1,F5:F9),0)
G3 = IFERROR(SUMPRODUCT(SUBTOTAL(2,OFFSET(F5:F9,ROW(F5:F9)-MIN(ROW(F5:F9)),,1))*(G5:G9*F5:F9))/SUBTOTAL(9,F5:F9),0)
H3 = IFERROR(((SUBTOTAL(9,F5:F9)*(SUMPRODUCT(SUBTOTAL(2,OFFSET(F5:F9,ROW(F5:F9)-MIN(ROW(F5:F9)),,1)) *
((H5:H9^2*F5:F9*(F5:F9-1)+(G5:G9*F5:F9)^2)/F5:F9)))-(SUMPRODUCT(SUBTOTAL(9,OFFSET(G5:G9,ROW(G5:G9)-MIN(ROW(G5:G9)),,1)),SUBTOTAL(9,OFFSET(F5:F9,ROW(F5:F9)-MIN(ROW(F5:F9)),,1))))^2)/(SUBTOTAL(9,F5:F9)*(SUBTOTAL(9,F5:F9)-1)))^(1/2),0)
I know the problem is somewhere in F5:F9, since the divisor used is zero
The part you suspected in the code involves dividing by a denominator that happens to be a factor in the numerator. You can avoid a division by zero by simplifying that fraction.
((H5:H9^2*F5:F9*(F5:F9-1)+(G5:G9*F5:F9)^2)/F5:F9)))
can be reduced to
(H5:H9^2*(F5:F9-1) + (G5:G9^2*F5:F9))
Resulting in the formula (3rd line modified)
=IFERROR(((SUBTOTAL(9,F5:F9)*
(SUMPRODUCT(SUBTOTAL(2,OFFSET(F5:F9,ROW(F5:F9)-MIN(ROW(F5:F9)),,1))*
(H5:H9^2*(F5:F9-1) + (G5:G9^2*F5:F9))))-
(SUMPRODUCT(SUBTOTAL(9,OFFSET(G5:G9,ROW(G5:G9)-
MIN(ROW(G5:G9)),,1)),SUBTOTAL(9,OFFSET(F5:F9,ROW(F5:F9)-
MIN(ROW(F5:F9)),,1))))^2)/(SUBTOTAL(9,F5:F9)*
(SUBTOTAL(9,F5:F9)-1)))^(1/2), 0)
In my tests without the enclosing IFERROR, I could set some rows to zero and get values. Only when the square rooted subtotal was negative (which logically should not happen) was the result #NUM.
Hope this helps.

How to get excel to display a certain number of significant figures?

I am using excel and i want to display a value to a certain number of significant figures.
I tried using the following equation
=ROUND(value,sigfigs-1-INT(LOG10(ABS(value))))
with value replaced by the number I am using and sigfigs replaced with the number of significant figures I want.
This formula works sometimes, but other times it doesn't.
For instance, the value 18.036, will change to 18, which has 2 significant figures. The way around this is to change the source formatting to retain 1 decimal place. But that can introduce an extra significant figure. For instance, if the result was 182 and then the decimal place made it change to 182.0, now I would have 4 sig figs instead of 3.
How do I get excel to set the number of sig figs for me so I don't have to figure it out manually?
The formula (A2 contains the value and B2 sigfigs)
=ROUND(A2/10^(INT(LOG10(A2))+1),B2)*10^(INT(LOG10(A2))+1)
may give you the number you want, say, in C2. But if the last digit is zero, then it will not be shown with a General format. You have then to apply a number format specific for that combination (value,sigfigs), and that is via VBA. The following should work. You have to pass three parameters (val,sigd,trg), trg is the target cell to format, where you already have the number you want.
Sub fmt(val As Range, sigd As Range, trg As Range)
Dim fmtstr As String, fmtstrfrac As String
Dim nint As Integer, nfrac As Integer
nint = Int(Log(val) / Log(10)) + 1
nfrac = sigd - nint
If (sigd - nint) > 0 Then
'fmtstrfrac = "." & WorksheetFunction.Rept("0", nfrac)
fmtstrfrac = "." & String(nfrac, "0")
Else
fmtstrfrac = ""
End If
'fmtstr = WorksheetFunction.Rept("0", nint) & fmtstrfrac
fmtstr = String(nint, "0") & fmtstrfrac
trg.NumberFormat = fmtstr
End Sub
If you don't mind having a string instead of a number, then you can get the format string (in, say, D2) as
=REPT("0",INT(LOG10(A2))+1)&IF(B2-(INT(LOG10(A2))+1)>0,"."&REPT("0",B2-(INT(LOG10(A2))+1)),"")
(this replicates the VBA code) and then use (in, say, E2)
=TEXT(C2,D2).
where cell C2 still has the formula above. You may use cell E2 for visualization purposes, and the number obtained in C2 for other math, if needed.
WARNING: crazy-long excel formula ahead
I was also looking to work with significant figures and I was unable to use VBA as the spreadsheets can't support them. I went to this question/answer and many other sites but all the answers don't seem to deal with all numbers all the time. I was interested in the accepted answer and it got close but as soon as my numbers were < 0.1 I got a #value! error. I'm sure I could have fixed it but I was already down a path and just pressed on.
Problem:
I needed to report a variable number of significant figures in positive and negative mode with numbers from 10^-5 to 10^5. Also, according to the client (and to purple math), if a value of 100 was supplied and was accurate to +/- 1 and we wish to present with 3 sig figs the answer should be '100.' so I included that as well.
Solution:
My solution is for an excel formula that returns the text value with required significant figures for positive and negative numbers.
It's long, but appears to generate the correct results according to my testing (outlined below) regardless of number and significant figures requested. I'm sure it can be simplified but that isn't currently in scope. If anyone wants to suggest a simplification, please leave me a comment!
=TEXT(IF(A1<0,"-","")&LEFT(TEXT(ABS(A1),"0."&REPT("0",sigfigs-1)&"E+00"),sigfigs+1)*10^FLOOR(LOG10(TEXT(ABS(A1),"0."&REPT("0",sigfigs-1)&"E+00")),1),(""&(IF(OR(AND(FLOOR(LOG10(TEXT(ABS(A1),"0."&REPT("0",sigfigs-1)&"E+00")),1)+1=sigfigs,RIGHT(LEFT(TEXT(ABS(A1),"0."&REPT("0",sigfigs-1)&"E+00"),sigfigs+1)*10^FLOOR(LOG10(TEXT(ABS(A1),"0."&REPT("0",sigfigs-1)&"E+00")),1),1)="0"),LOG10(TEXT(ABS(A1),"0."&REPT("0",sigfigs-1)&"E+00"))<=sigfigs-1),"0.","#")&REPT("0",IF(sigfigs-1-(FLOOR(LOG10(TEXT(ABS(A1),"0."&REPT("0",sigfigs-1)&"E+00")),1))>0,sigfigs-1-(FLOOR(LOG10(TEXT(ABS(A1),"0."&REPT("0",sigfigs-1)&"E+00")),1)),0)))))
Note: I have a named range called "sigfigs" and my numbers start in cell A1
Test Results:
I've tested it against the wikipedia list of examples and my own examples so far in positive and negative. I've also tested with a few values that gave me issues early on and all seem to produce the correct results.
I've also tested with a few values that gave me issues early on and all seem to produce the correct results now.
3 Sig Figs Test
99.99 -> 100.
99.9 -> 99.9
100 -> 100.
101 -> 101
Notes:
Treating Negative Numbers
To Treat Negative Numbers, I have included a concatenation with a negative sign if less than 0 and use the absolute value for all other work.
Method of construction:
It was initially divided into about 6 columns in excel that performed the various steps and at the end I merged all of the steps into one formula above.
Use scientific notation, say if you have 180000 and you need 4 sigfigs the only way is to type as 1.800x10^5
I added to your formula so it also automatically displays the correct number of decimal places. In the formula below, replace the digit "2" with the number of decimal places that you want, which means you would need to make four replacements. Here is the updated formula:
=TEXT(ROUND(A1,2-1-INT(LOG10(ABS(A1)))),"0"&IF(INT(LOG10(ABS(ROUND(A1,2-1-INT(LOG10(ABS(A1)))))))<1,"."&REPT("0",2-1-INT(LOG10(ABS(ROUND(A1,2-1-INT(LOG10(ABS(A1)))))))),""))
For example, if cell A1 had the value =1/3000, which is 0.000333333.., the above formula as-written outputs 0.00033.
This is an old question, but I've modified sancho.s' VBA code so that it's a function that takes two arguments: 1) the number you want to display with appropriate sig figs (val), and 2) the number of sig figs (sigd). You can save this as an add-in function in excel for use as a normal function:
Public Function sigFig(val As Range, sigd As Range)
Dim nint As Integer
Dim nfrac As Integer
Dim raisedPower As Double
Dim roundVal As Double
Dim fmtstr As String
Dim fmtstrfrac As String
nint = Int(Log(val) / Log(10)) + 1
nfrac = sigd - nint
raisedPower = 10 ^ (nint)
roundVal = Round(val / raisedPower, sigd) * raisedPower
If (sigd - nint) > 0 Then
fmtstrfrac = "." & String(nfrac, "0")
Else
fmtstrfrac = ""
End If
If nint <= 0 Then
fmtstr = String(1, "0") & fmtstrfrac
Else
fmtstr = String(nint, "0") & fmtstrfrac
End If
sigFig = Format(roundVal, fmtstr)
End Function
It seems to work in all the use cases I've tried so far.
Rounding to significant digits is one thing... addressed above. Formatting to a specific number of digits is another... and I'll post it here for those of you trying to do what I was and ended up here (as I will likely do again in the future)...
Example to display four digits:
.
Use Home > Styles > Conditional Formatting
New Rule > Format only cells that contain
Cell Value > between > -10 > 10 > Format Number 3 decimal places
New Rule > Format only cells that contain
Cell Value > between > -100 > 100 > Format Number 2 decimal places
New Rule > Format only cells that contain
Cell Value > between > -1000 > 1000 > Format Number 1 decimal place
New Rule > Format only cells that contain
Cell Value > not between > -1000 > 1000 > Format Number 0 decimal places
.
Be sure these are in this order and check all of the "Stop If True" boxes.
The formula below works fine. The number of significant figures is set in the first text formula. 0.00 and 4 for 3sf, 0.0 and 3 for 2sf, 0.0000 and 6 for 5sf, etc.
=(LEFT((TEXT(A1,"0.00E+000")),4))*POWER(10,
(RIGHT((TEXT(A1,"0.00E+000")),4)))
The formula is valid for E+/-999, if you have a number beyond this increase the number of the last three zeros, and change the second 4 to the number of zeros +1.
Note that the values displayed are rounded to the significant figures, and should by used for display/output only. If you are doing further calcs, use the original value in A1 to avoid propagating minor errors.
As a very simple display measure, without having to use the rounding function, you can simply change the format of the number and remove 3 significant figures by adding a decimal point after the number.
I.e. #,###. would show the numbers in thousands. #,###.. shows the numbers in millions.
Hope this helps
You could try custom formatting instead.
Here's a crash course: https://support.office.com/en-nz/article/Create-a-custom-number-format-78f2a361-936b-4c03-8772-09fab54be7f4?ui=en-US&rs=en-NZ&ad=NZ.
For three significant figures, I type this in the custom type box:
[>100]##.0;[<=100]#,##0
You could try
=ROUND(value,sigfigs-(1+INT(LOG10(ABS(value)))))
value :: The number you wish to round.
sigfigs :: The number of significant figures you want to round to.

If statment of a cell calculated using formula

My formula is giving me unexpected responses.
=IF(I5+H5=0,"Paid","Due")
see below
H I J k
-£34.40 £34.40 £0.00 Due
Cell H is calculated with this
=(SUM(F5+G5))*-1
See correct output with exact same formula on same worksheet
=IF(I3+H3=0,"Paid","Due")
H I J K
-£205.44 £205.44 £0.00 Paid
Cell H is calculated he same
=(SUM(F3+G3))*-1
Any ideas why the top calculation not correct but the bottom one is.
This is most likely the floating point issue. You should not compare floating point numbers directly with = because computers can't store the full decimal places. Just like if you divide 1 dollar by 3, you end up with .3333333333333 cents, well if you add 3 of those you don't necessarily get back 1 dollar, but slightly less due to the "lost" 3333's at the end. The proper way to compare is using a Delta threshold, meaning "how close" it needs to be.
so instead of
if (a+b=c,"paid", "due")
you would do
if(ABS(c-(a+b))<.01, "paid", "due")
so in that case .01 is the delta, or "how close" it has to be. It has to be within 1 cent. the formula literally means "if the absolute value of the difference between c and (a+b) is less than 1 cent, return paid, else return due. (of course, this will say due if they overpaid, so keep that in mind)
you should always do this.

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