Is it possible to prorate normalization amounts according to the days in a month?
Hi,
There is an ask from business if following is possible: (an example)
Total Rent Amount: 12000 (USD)
Rent Period: 12 months
Calculation of normalized entry should be as per the last column 'Prorated Amount on the basis of days in a month'.
Month | Monthy Normalized Amount | Number of Days in a month | Formula | Prorated Amount on the basis of days in a month |
Jan-17 | 1000 | 31 | =(12000/365)*31 | 1019.178 |
Feb-17 | 1000 | 28 | =(12000/365)*28 | 920.5479 |
Mar-17 | 1000 | 31 | =(12000/365)*31 | 1019.178 |
Apr-17 | 1000 | 30 | =(12000/365)*30 | 986.3014 |
May-17 | 1000 | 31 | =(12000/365)*31 | 1019.178 |
Jun-17 | 1000 | 30 | =(12000/365)*30 | 986.3014 |
Jul-17 | 1000 | 31 | =(12000/365)*31 | 1019.178 |
Aug-17 | 1000 | 31 | =(12000/365)*31 | 1019.178 |
Sep-17 | 1000 | 30 | =(12000/365)*30 | 986.3014 |
Oct-17 | 1000 | 31 | =(12000/365)*31 | 1019.178 |
Nov-17 | 1000 | 30 | =(12000/365)*30 | 986.3014 |
Dec-17 | 1000 | 31 | =(12000/365)*31 | 1019.178 |
Total | 12000 | 365 | 12000 |