Using case statement to create measure net income
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
Check out my 🎥 Domo Training YouTube Channel 👨💻
**Say "Thanks" by clicking the ❤️ in the post that helped you.
**Please mark the post that solves your problem by clicking on "Accept as Solution"0
Categories
- All Categories
- 1.7K Product Ideas
- 1.7K Ideas Exchange
- 1.5K Connect
- 1.2K Connectors
- 292 Workbench
- 4 Cloud Amplifier
- 8 Federated
- 2.8K Transform
- 95 SQL DataFlows
- 601 Datasets
- 2.1K Magic ETL
- 3.7K Visualize
- 2.4K Charting
- 689 Beast Mode
- 43 App Studio
- 39 Variables
- 658 Automate
- 170 Apps
- 441 APIs & Domo Developer
- 42 Workflows
- 5 DomoAI
- 32 Predict
- 12 Jupyter Workspaces
- 20 R & Python Tiles
- 385 Distribute
- 110 Domo Everywhere
- 269 Scheduled Reports
- 6 Software Integrations
- 112 Manage
- 109 Governance & Security
- 8 Domo University
- 25 Product Releases
- Community Forums
- 39 Getting Started
- 29 Community Member Introductions
- 98 Community Announcements
- Domo Community Gallery
- 4.8K Archive