Below is a simple, step‑by‑step way to create a running balance in Excel.
Goal
Have a Balance column that updates automatically as new deposits and withdrawals are added.
Step 1 – Set up the headings
- Open Excel.
- In cell A1, type:
Deposits
- In cell B1, type:
Withdrawals
- In cell C1, type:
Balance
Step 2 – Enter the first row of data
- In cell A2, type the first deposit amount (for example:
1000).
- In cell B2, type the first withdrawal amount (for example:
625).
- Click cell C2.
- Type this formula exactly:
=SUM(A2-B2)
- Press Enter.
Cell C2 now shows the first balance (for the example above, it will be
375).
Step 3 – Enter the second row of data
- In cell A3, type the next deposit (for example:
1245).
- In cell B3, type the next withdrawal (for example:
740).
- Click cell C3.
- Type this formula exactly:
=SUM(C2,A3-B3)
Explanation (no need to type this part): this adds the previous balance in C2 to the new deposit minus withdrawal.
- Press Enter.
Cell C3 now shows the updated running balance.
At this point the sheet looks like:
|
A |
B |
C |
| 1 |
Deposits |
Withdrawals |
Balance |
| 2 |
1000 |
625 |
=SUM(A2-B2) |
| 3 |
1245 |
740 |
=SUM(C2,A3-B3) |
Now make Excel continue the running balance for all new rows.
- Click cell C3 (the one with
=SUM(C2,A3-B3)).
- Move the mouse to the bottom‑right corner of C3. A small square (the fill handle) appears.
- When the cursor becomes a small black plus sign, double‑click the fill handle.
- Excel copies the running balance formula down the column for all rows that have values in columns A or B.
If there is data in rows 4, 5, etc., the formulas will look like this:
- C4:
=SUM(C3,A4-B4)
- C5:
=SUM(C4,A5-B5)
- and so on.
Step 5 – Add more days later
Whenever a new day is added:
- Type the deposit in the next empty cell in column A.
- Type the withdrawal in the same row in column B.
- If the formula did not automatically appear in column C for that row:
- Click the last cell in the Balance column that has the correct running balance formula (for example, C3 or C4).
- Drag the fill handle (bottom‑right corner) down one row to copy the formula.
Check these common issues:
- The formula must start with = (equal sign).
- Use the minus sign (-) between deposit and withdrawal, not a plus.
- Make sure there are no extra spaces in the numbers.
- Make sure the Balance formulas always refer to the cell above. For example, C5 should use C4, not C3.
For more background on running balances and running totals, see:
- Running balance example: deposits, withdrawals, and balance.
- Running total example: using
=SUM($C$2:$C2) and copying down.
References: