Learn how to pay your invoices according to these terms so you aren't late.
The Excel EOMONTH function returns the last day of the month, x months in the past or future.
You can use EDATE to calculate expiration dates, due dates, and other dates that need to land on the last day of a month. The Excel WORKDAY function takes a date and returns the nearest working day in the future or past, based on an offset value you provide.
Let's take a look at the important terms you need to understand.
One of the most important is the due date, when your payment needs to be paid by.
In the example shown, the formula in D5 is: =EDATE(B5, C5) How this formula works The EDATE function is fully automatic. To calculate an expiration in the future, you can use a variety of formulas.