ExcelTip.com
ExcelTip.com
Account Icon Account Icon Account Icon
Google Exceltip.com
JOIN OUR NEWSLETTER
  and receive for joining:
Free eBook Learn More!
Free Excel ADD-IN
Free Weekly Excel Tip
4 e-books in cd-rom
F1 Formulas & Functions
F1 Formulas & Functions
F1 EXCEL
F1 eBook (Spanish)
F1 EXCEL
Financial Statements.xls
 

» Calculating the Number of Business Days in a Specified Period
Problem:

Calculating the number of business days between the dates entered in cells A2 & B2.

Solution:

Use the NETWORKDAYS function as shown in the following formula:
=NETWORKDAYS(A2,B2)



Example:

Date1________Date2___________Business Days
01/04/2005___01/10/2005______131



Screenshot // Calculating the Number of Business Days in a Specified Period

Calculating the Number of Business Days in a Specified Period
Rate this tip
12 34 5
  RATING: 3.53
  VIEWS: 19950

READER COMMENTS (view all comments)


NETWORKDAYS - Business Days
Fred G. wrote on June 08, 2005 18:06 EST
The real power of this function comes when one uses the optional third parameter. This parameter allows you to create a custom list of holidays, which are used in making the calculation. This makes it an international function, going far beyond ignoring weekends done in the basic function.

Surprised the "tip" author ignored this.
Reply: Fred G
Alan wrote on June 08, 2005 22:27 EST
Hi Fred,

[QUOTE=Fred G.]The real power of this function comes when one uses the optional third parameter. This parameter allows you to create a custom list of holidays, which are used in making the calculation. This makes it an international function, going far beyond ignoring weekends done in the basic function.

Surprised the "tip" author ignored this.[/QUOTE]I agree totally.

I would also add though that this function is not one I suggest using too often since it is, essentially, a UDF and requires that the add-in is installed.

Most (?) users don't have it installed and don't even know what an add-in is. They will just think that your spreadsheet doesn't work!

There is no *need* to use this function - it can be created from real core excel functions, but takes more work and is harder to 'read' afterwards.

There are always exceptions!

Alan.
Not working
Hans A wrote on June 28, 2005 07:27 EST
Hi, tried this but the result is:

date in date vic Days
04/06/2005 09/06/2005 #VALUE!

Can anybody tell me what I should do ?
Reply: Hans A
Alan wrote on June 29, 2005 02:41 EST
Hi Hans A,

[QUOTE=Hans A]Hi, tried this but the result is:

date in date vic Days
04/06/2005 09/06/2005 #VALUE!

Can anybody tell me what I should do ?[/QUOTE]If you enter this:

=NETWORKDAYS("4 Jun 2005","9 Jun 2005")

You should get a result of 4 (assuming you have the add-in installed).

HTH,

Alan.
Which Add-In?
mmcnown wrote on January 11, 2006 11:16 EST
[QUOTE=Alan]Hi Hans A,

If you enter this:

=NETWORKDAYS("4 Jun 2005","9 Jun 2005")

You should get a result of 4 (assuming you have the add-in installed).

HTH,

Alan.[/QUOTE]

Which Add-In is required for this function to work?
Add-in?
mmcnown wrote on December 31, 1969 19:00 EST
What add-in is required for this to work properly?
re: addin...
Tachyon wrote on December 31, 1969 19:00 EST
This function IS included in version 2.x versions and doesn't require any addins.
It's a simple, and useful function, especially for things like estimating pay, or total payroll projections etc.

davesexcel wrote on November 04, 2006 08:11 EST
Analysis toolpac

go to tools add-ins and select it



REGISTERED USERS - Click here to post comments


GUESTS (Click here to register)
Name
Comment Title
Comments

The McGraw-Hill 36-Hour Course in Finance for Nonfinancial Managers

Marketing Plans

Keys to Reading an Annual Report (Barron's Business Keys)

AWAKEN THE GIANT WITHIN : HOW TO TAKE IMMEDIATE CONTROL OF YOUR MENTAL, EMOTIONAL, PHYSICAL AND FINANCIAL

Guide to Financial Reporting and Analysis

A Mathematician Plays the Stock Market

RELATED MICROSOFT EXCEL TIPS


Convert PDF Files to Excel






Excel VBA books
Accounting books
Business Plans
MS Office books
Taxes books

VIEW ALL BOOKS


  Advertise With Us                               

Tips

Add-In in VBA | Applications - Word, Outlook in VBA | Array Formulas | Cells, Ranges, Rows, and Columns in VBA | Counting | Custom Functions | Custom Functions in VBA | Database Formulas | Database in VBA | Date & Time Formulas | Date & Time in VBA | Events in VBA | Excel 2003 | Excel Chart | Excel Consolidating | Excel Counting | Excel Custom Functions using VBA | Excel Customizing | Excel Data | Excel Dates | Excel Editing | Excel Files | Excel Filter | Excel Format | Excel Formula | Excel General | Excel Grouping and Outlining | Excel Importing Text Files | Excel Information | Excel Keyboard Shortcuts | Excel Loan Formulas | Excel Macros - VBA | Excel Pivot Tables | Excel Printing | Excel Range Name | Excel Security - Protection | Excel Sorting | Excel Style | Excel Subtotals | Excel Summing | Excel Text | Excel Time | Excel Tools | Excel Worksheet, Workbook | Files, Workbook, and Worksheets in VBA | Financial Formulas | Formating in VBA | General Topics in VBA | Import and Export in VBA | Information Formulas | Keyboard & Other Shortcuts in VBA | Keyboard Formula Shortcuts | Links between Worksheet and Workbooks | Links in VBA | Logical Formulas | Lookup Formulas | Mail - Send and Receive in VBA | Menus, Toolbars, Status bar in VBA | Modules, Class Modules in VBA | Other Q&A Formulas | Printing in VBA | Protecting in VBA | Summing | Text Formulas | User Forms, Input boxes in VBA | Using Loops | Working with Formulas |

Tips by Version

Microsoft Excel 97 | Microsoft Excel 2000 | Microsoft Excel 2002 | All Microsoft Excel Versions | New in Excel 2002 | New in Excel 2003 - Office 11

Website

Home | Tip of Hour | Recommended Tips | Most Viewed Tips | Tips by Version | Submit a Tip | My Tips
Microsoft Excel Tutorials | Excel Links | Write for Us | About Us | Search Results | Tip Archives | Excel Forum | Excel Forum Archives

Excel Book

Excel 97 Book | Excel 2000 Book | Excel 2002 Book | Excel XP Book | Book Store

Terms and Conditions of use
The applications/code on this site are distributed as is and without warranties or liability. In no event shall the owner of the copyrights, or the authors of the applications/code be liable for any loss of profit, any problems or any damage resulting from the use or evaluation of the applications/code.

Copyright © 2003 ExcelTip.com
Microsoft, Microsoft Excel is a U.S. registered trademark of Microsoft Corporation
Site Developed By: Varien