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Using the If statement/Aging

Altair Forum User

I have a column of data for each invoice account ranging from 0 to 300. How would I use a calculated formula to take my data field, AGE, and have a calculated column represent into categories. For example, if the number is in the 0 to 30 range, I want a category to be 0-30, 31-60, 61-90, 90-120, ETC.

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Altair Forum User

There are a couple of solutions, but the easiest might be to use a nested if statement. For simplicity, I am going to show how to break down from 0-120.

if([age]>90,"91-120",if([age]>60,"61-90",if([age]>30,"31-60",0)))

you can also write it like this to make it more understandable:

if([age]>90,"91-120",

if([age]>60,"61-90",

if([age]>30,"31-60",

)))

Another option would be to use a lookup table as well.