Thursday, February 6, 2020

Calculate Due Dates for Payments or Years Toward Retirement with EDATE Function

Summary 

The Excel EDATE function returns a date on the same day of the month, n months in the past or future. You can use EDATE to calculate expiration dates, maturity dates, and other due dates. Use a positive value for months to get a date in the future, and a negative value for dates in the past. 

Purpose 

Shift date n months in future or past

Return value 

New date as Excel serial number

Syntax 

=EDATE (start_date, months)

Arguments 

start_date - Start date as a valid Excel date.
months - Number of months before or after start_date.

Example

EDATE is a date and time function in excel which adds a given number of months into a date and gives us a date in a numerical format of date, the arguments this function takes is date and integers, date as the start date to begin with and number of months are integers to add it to the given start date, the output returned by this function is also a date value, the method to use this function is =Edate( Start Date, Months).