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Excel Workday function: Find end date - exclude weekends & holidays
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This video demonstrates how to efficiently create timelines and timetables in Excel, particularly useful for project management and finance reporting.
🛠 Key Feature: The Workday Function
- Functionality: Calculates end dates based on a start date and the number of working days, excluding weekends and holidays.
- Usage Scenarios: Ideal for project time plans or finance reporting timetables.
📅 Examples Illustrated:
- Project Management: For a task starting on a specific date, the video shows how to calculate the completion date considering working days, weekends, and holidays.
- Finance Reporting: Demonstrates setting up monthly reporting deadlines based on working days of each month.
👩💻 Steps Highlighted:
- Input Start Date and Working Days: Input the task's start date and the number of required working days.
- Apply Workday Function: Use Excel's 'Workday' function to compute the end date, excluding weekends and holidays.
- Consideration of Weekends: The standard Workday function assumes weekends are Saturday and Sunday, but 'Workday International' allows customization of weekend days.
- Practical Usage: The video includes a calendar to validate the function's accuracy and an example of custom formatting to display only the month and year in a cell while retaining the complete date.
🔍 Additional Features:
- Auto-Filling Dates: Shows how to drag the formula across other cells for automating date calculations for multiple tasks.
- Customization for Local Holidays: Includes how to incorporate local holidays into the calculation for more precise planning.
- Flexibility for Different Scenarios: Adapts to various project and reporting needs by altering the start dates and working days.
Excel's workday function is great when you need to calculate an end date based on a given number of working days - which means you need to exclude weekends and holidays. Some examples are
- creating a project timeline
- creating a reporting timetable
In this video I show you both examples.
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