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alchemyalchemy 

total formula

I have a Princial_amount_outstanding custom field in my Asset object. it wil consist of a list of values. i need to find a sum of all the Principal_amount_outstanding in my Account Object custom field how shld i write the formula for it in another object

SAPOCSAPOC

You can try using roll up summary fields.

 

for that you need to create Custom Object Master detail relationship on Asset object IEEE. Custom object is parent and Asset is child.

 

on Custom Object ,you can create a roll up summary field to calculate the sum of Principal_amount_outstanding field on Asset object .Hope this helps.