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Thursday, May 13, 2010

NETWORKDAYS Function (Functions in Excel)




Start Date
End Date
Work Days
1-Mar-98
7-Mar-98
5
 =NETWORKDAYS(C4,D4)
25-Apr-98
30-Jul-98
69
 =NETWORKDAYS(C5,D5)
24-Dec-98
5-Jan-99
9
 =NETWORKDAYS(C6,D6)

What Does It Do?
This function will calculate the number of working days between two dates.
It will exclude weekends and any holidays.
Syntax
 =NETWORKDAYS(StartDate,EndDate,Holidays)
   Holidays : This is a list of dates which will be excluded from the calculation, such as Xmas
   and Bank holidays.
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. =NETWORKDAYS(Start,End,Holidays)+1
Example
The following example shows how a list of Holidays can be created.

Start Date
End Date
Work Days
Mon 02-Mar-98
Fri 06-Mar-98
5
 =NETWORKDAYS(B28,C28,C33:C37)
Mon 02-Mar-98
Fri 13-Mar-98
10
 =NETWORKDAYS(B29,C29,C33:C37)
Mon 27-Apr-98
Fri 01-May-98
4
 =NETWORKDAYS(B30,C30,C33:C37)

Holidays
Bank Holiday
1-May-98
Xmas
25-Dec-98
New Year
1-Jan-97
New Year
1-Jan-98
New Year
1-Jan-99

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