Microsoft Excel NETWORKDAYS Function: Mastering Dynamic Date Formulas in Excel

Welcome to our YouTube series on mastering dynamic date formulas in Microsoft Excel! In these tutorials, we dive into the powerful world of date formulas that will revolutionize the way we generate rolling reports in Excel.

In this tutorial, we will cover the NETWORKDAYS function. The NETWORKDAYS function calculates the number of working days between two dates, excluding weekends and, optionally, holidays.

Let's get started!

We’ll explain the basic syntax of the NETWORKDAYS function, including the start date, end date, and holidays. The start and end dates can be manually entered into the formula, referenced from an existing date cell, or dynamically generated using a date function like the TODAY function. The holidays portion of the formula is optional and is used to exclude specified holidays from the calculation.

Example Walkthrough:
Basic Example:

Calculate the net working days between January 1 and January 31, 2024.
This example returns a value of 23 net workdays.
Using Cell References:

Replace manually entered dates with references to existing date cells. For instance, if cell A1 contains September 1, 2024, and cell B1 contains October 31, 2024, the formula will return 44 net workdays.
Using Dynamic Dates:

Use the TODAY function to dynamically set the start date. For example, calculate the number of workdays between today and the end of the year. The start date is set to today’s date using the TODAY function, and the end date is set to December 31 of the current year using the DATE function.
Excluding Holidays:

Add references to cells containing holiday dates to exclude specific holidays from the calculation. If cells D1 to D12 contain the holiday dates, adjusting the formula to reference these cells will exclude any workdays that fall within those dates.

Practical Uses for the NETWORKDAYS Function:
- Project Management: Calculate the actual working time available for project completion.
- Leave Management: Determine the number of working days an employee will be on leave.
- Financial Calculations: Calculate the number of working days for billing cycles or interest calculations.
By the end of this tutorial, you'll be equipped to handle date calculations in Excel with confidence and efficiency. Don't forget to like, subscribe, and hit the bell icon for more Excel tips and tutorials. See you next time on Smart Link Basics!

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[SpreadsheetKindness]

Interesting formula - has some very practical uses. Dropped a like for you!