Using case statement to create measure net income
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I have the following case statement to categorize my quickbooks transactions into their correct categories:
case when `Group 2 Name` = 'Sales' or `Group 2 Name` = 'Sales Returns' then 'Sales' when `Group 2 Name` = 'Direct Costs' or `Group 2 Name` = 'Protein Powder' then 'Costs of Goods Sold' when `Group 0 Name` = 'Other Income/Expense' then 'Other Income' else 'Expense' end
This works perfectly, but I'd like to be able to create a calculation that provides me with the net income. The net income should equal:
'Sales' - 'Expenses' - 'Costs of Goods Sold' + 'Other Income'
But I'm not sure how to convert this category beast mode into a numeric calculation. The value for the totals in each categories can be found by performing:
sum(`Amount`)
on the transactions within the category.
Any help is appreciated!
Best Answer
-
You should be able to apply the same logic as your grouping beast mode, just returning the net amount instead of the label, and then summing it all:
sum(case when `Group 2 Name` = 'Sales' or `Group 2 Name` = 'Sales Returns' then `Amount` when `Group 2 Name` = 'Direct Costs' or `Group 2 Name` = 'Protein Powder' then -1*`Amount` when `Group 0 Name` = 'Other Income/Expense' then `Amount` else -1*`Amount` end)
1
Answers
-
You should be able to apply the same logic as your grouping beast mode, just returning the net amount instead of the label, and then summing it all:
sum(case when `Group 2 Name` = 'Sales' or `Group 2 Name` = 'Sales Returns' then `Amount` when `Group 2 Name` = 'Direct Costs' or `Group 2 Name` = 'Protein Powder' then -1*`Amount` when `Group 0 Name` = 'Other Income/Expense' then `Amount` else -1*`Amount` end)
1 -
Just FYI i have an entire tutorial playlist dedicated to tackling financial reporting in YouTube. If you're trying to construct an income statement using transactional data, here's a video that might help you get the layout you're looking for: https://www.youtube.com/watch?v=YgevJkjeFqw&list=PLUy_qbtzH0S4CkHBUvpOVpLNJluk6upOn&index=27&t=354s
Jae Wilson
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