Excel Formula To Calculate Number Of Months Between 2 Dates Calculate Working Days Between 2 Date

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Calculate Working Days Between 2 Date

Counting working days is always a challenge for all of us. Although the concept is simple, it has never been easier to calculate. The approach we usually use is to physically count the number of days using a calendar. This approach is very prone to human error and therefore, we tend to calculate a few times to make sure we have calculated correctly. Imagine how taxing it is to calculate for multiple sets of dates. Things would be different if you were using MS Excel, because it can help you get quick and accurate answers in a few different ways.

The first way is to use a formula called NETWORKDAYS. The formula is very simple to use. All you have to do is type in the formula, enter the start and end dates. The formula will immediately show the number of working days between 2 given dates based on a five-day working week. If you want to exclude holidays in the calculation, just enter the holidays you want to include in the formula. You can input all the holidays for the year and the NETWORKDAYS formula will be able to pick the relevant holidays when they fall between the start and end dates. If you haven’t activated the Analysis Toolkit add-in, you won’t find this formula in your Excel application. Some of you may need to install an addin in Excel. This addin has extra powerful formulas like NETWORKDAYS formula that most users don’t know about.

A second way to calculate work days is to use a combination of formulas as shown (D6 contains the start date and E6 contains the end date:

SUMPRODUCT(–(weekly(row(indirect($D6&”:”&$E6)),2)

It uses the power of array formulas. The INDIRECT formula converts a text reference to a valid range reference.

SUMPRODUCT(–(Weekly(ROW)indirect($D6&”:”&$E6)),2)row (indirect($D6&”:”&$E6)),2) WEEKDAY formula on all dates listed (invisibly) and identify the dates that meet the specified condition(s) (if the dates are before or same as Friday, i.e. Mon to Fri).

SUMPRODUCT(–(WEEKDAY(row(indirect($D6&”:”&$E6)),2)The SUMPRODUCT formula will add the alls and zeros found in the entire range of dates in the invisible table and give you the total number of days from Monday to Friday in each week.

Using the same formula but changing the criteria from SUMPRODUCT(-(SEEKDAY(ROW(INDIRECT($D6&”:”&$E6)),2)=5))*0.5

When the 2 formulas are added together, we will be able to calculate the number of work days based on a 5.5 day work week.

=SUMPRODUCT(–(weekly(row(indirect($D6&”:”&$E6)),2)SUMPRODUCT(–(weekday(row(indirect($D6&”:”&$E6)),2)=6))*0.5

We have used a second formula in our payroll template to calculate the number of working days in a month.

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