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Tuesday, May 11, 2010

DAYS360 Function (Functions in Excel)



StartDate
EndDate
Days Between
* See the Note below.
1-Jan-98
5-Jan-98
4
 =DAYS360(C4,D4,TRUE)
1-Jan-98
1-Feb-98
30
 =DAYS360(C5,D5,TRUE)
1-Jan-98
31-Mar-98
89
 =DAYS360(C6,D6,TRUE)
1-Jan-98
31-Dec-98
359
 =DAYS360(C7,D7,TRUE)

What Does It Do?
Shows the number of days between two dates based on a 360-day year (twelve 30-day months).
Use this function if your accounting system is based on twelve 30-day months.
Syntax
 =DAYS360(StartDate,EndDate,TRUE of FALSE)
   TRUE : Use this for European accounting systems.
   FALSE : Use this for USA accounting systems.
Formatting
The result will be shown as a number.
Note
The calculation does not include the last day. The result of using 1-Jan-98 and 5-Jan-98 will
give a result of 4. To correct this add 1 to the result. =DAYS360(Start,End,TRUE)+1

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