When having issues with formulas, it is benefitial to post the contents of the formula(s).
Withour seeing your formula, it is hard to tell the exact problem. Generally though, if you are using a summary function within the formula, you will not be able to create a summary off it.
Also, if you are using "WhilePrintingRecords" in your formula, this too will not allow a summary to be created.
~Brian