"If" formula

[Needing help at new job]

I'm trying to set up a spreadsheet to help me with my job. I track/audit
accounts for a man that does private lending. Here is what I'm trying to do:

I need a formula for "if the date in column A is 26th of each month or
later, I need column E to be a late fee of $86.72"

I really seem to have problems when it comes to the "if" fuction so I really
appreciate any help.

Thanks,
Heidi

 

[Sean Timmons]

Congrats on the new job!!

=IF(Day(A2)>=26,86.72,0)

Assuming the due date is the same for everyone?

this would enter $0 if not late...

 

[T. Valko]

Try one of these:

To return either the late fee or 0:

=(DAY(A1)>=26)*86.72

To return either the late fee or a blank:

=IF(DAY(A1)>=26,86.72,"")

 

[Needing help at new job]

Thank you so Much!!! You made it look easy LOL

Congrats on the new job!!

=IF(Day(A2)>=26,86.72,0)

Assuming the due date is the same for everyone?

this would enter $0 if not late...

 

[Needing help at new job]

Ok, is it possible if the "day" is left black to add the late fee?

 

[Sean Timmons]

I assume that's meant to be day is left blank.

=IF(OR(A2="",Day(A2)>=26),86.72,0)