'= IF(A'+ ToString(([Record Added Date])+1,0) +'>$B$6,'+'"New",'+'"Existing"'

Date Type [Record Added Date]: Date Time
The below formula works to have an excel output with formulas. Where [Record ID (Column A)] is Byte Data Type
"= (B"+tostring([Record ID (Column A)]+1,0)+"*C"+tostring([Record ID (Column A)]+1,0)+")"