Calculate a Date

[Mac55]

How would you dtermine a date 2 years into the future and taken to the 1st of
the following month if that date does not occur on the 1st of the month.

For example, hire date is 7/18/08 and I want determine a promotion date that
is 2 years from the hire date. Then because we only give promotions on the
1st day of the month, the example promotion date would be 8/1/10.

What formula would I use to automatically calculate this?

New to date functions.

 

[Fred Smith]

Use this formula:

=date(year(a1)+2,month(a1)+1,0)

Regards,
Fred.

 

[Ron Rosenfeld]

How would you dtermine a date 2 years into the future and taken to the 1st of
the following month if that date does not occur on the 1st of the month.

For example, hire date is 7/18/08 and I want determine a promotion date that
is 2 years from the hire date. Then because we only give promotions on the
1st day of the month, the example promotion date would be 8/1/10.

What formula would I use to automatically calculate this?

New to date functions.

=DATE(YEAR(A1)+2,MONTH(A1)+(DAY(A1)>1),0)+1

--ron

 

[Teethless mama]

=DATE(YEAR(A1)+2,MONTH(A1)+1,1)

 

[Ron Rosenfeld]

=DATE(YEAR(A1)+2,MONTH(A1)+1,1)

I think you overlooked this part of the request:

... taken to the 1st of the following month **IF** that date does not occur on the 1st of the month.

In interpret that to mean that

7/1/2008 --> 7/1/2010
7/2/2008 --> 8/1/2010

--ron

 

[Ron Rosenfeld]

Use this formula:

=date(year(a1)+2,month(a1)+1,0)

Regards,
Fred.

That does not return the first of the month
--ron

 

[Shane Devenshire]

Hi,

You could use the formula:

=EOMONTH(A1,24-(DAY(A1)=1))+1

The EOMONTH function is part of the Analysis ToolPak which in Excel 2003 or
earlier, you can attach by choosing Tools, Add-ins, Analysis ToolPak.

Cheers,
Shane Devenshire
Microsoft Excel MVP