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Utilizing Date and Time Functions (TODAY, EOMONTH, NETWORKDAYS)

Excel offers several date and time functions that allow for calculations, manipulation, and analysis of dates and time-related data. Three commonly used functions in this category are TODAY, EOMONTH, and NETWORKDAYS.

TODAY Function

The TODAY function returns the current date based on the system clock. It is extremely useful when you want to track and work with the current date in your Excel worksheet, without manually typing date every day.

=TODAY()

No parameters here. As you can see, simple and valuable function.

To display the current date in cell A1, simply enter the formula:

=TODAY()

EOMONTH Function

The EOMONTH function calculates the last day of the month for a given date. It is helpful when you need to find the end of a month or perform calculations based on month-end dates (ie, how many days until the month ends).

=EOMONTH(start_date, months)

  • start_date: The starting date from which you want to calculate the month-end date.
  • months: The number of months to add or subtract from the start_date.

Suppose you have a start date in cell A1, and you want to calculate the corresponding month-end date in cell B1. Use the formula:

=EOMONTH(A1, 0)

 

NETWORKDAYS Function

One of the most useful date function. The NETWORKDAYS function calculates the number of working days between two dates, excluding weekends and optionally excluding specified holidays. It is mostly used for calculating durations, project timelines, or leave periods.

=NETWORKDAYS(start_date, end_date, [holidays])

  • start_date: The start date of the period for which you want to calculate working days.
  • end_date: The end date of the period for which you want to calculate working days.
  • holidays: Optional. A range of cells or a list of dates representing holidays to exclude from the calculation.

To calculate the number of working days between two dates (excluding weekends), use the formula:

=NETWORKDAYS(A1, B1)

These date and time functions can be combined with other functions and formulas in Excel to perform various calculations, track durations, calculate deadlines, manipulate date-related data, and analyze timeframes.

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