In this article you will learn how to use the EOMONTH formula in Excel
The EOMONTH function in Excel is used to calculate the last day of the month for a given date. It is a useful tool when working with financial data, such as calculating the due date of a bill or interest payment.
The EOMONTH formula is a powerful tool for financial analysis and planning, and can be used in a variety of ways to help you make better decisions based on accurate and up-to-date data.Here are some examples:
The syntax for the EOMONTH formula is as follows:
start_date: This is the starting date for which you want to find the last day of the month. It can be a cell reference or a date entered directly into the formula.
months: This is the number of months you want to add to the starting date. It can be a positive or negative value. Positive values will move the calculation forward in time, while negative values will move it backward.
Note 1: If the “months” argument is not an integer, the EOMONTH truncates the input value.
Note 2: When “start_date” or “start_date” plus “months” is not a valid date, the formula gives you the #NUM! error value.
Are you learning this formula to visualize financial data, build a financial model, or conduct financial analysis? In that case, LiveFlow may help you automate manual workflows, update numbers in real-time, and save time. You can access various financial templates on our website, from the simple Income Statement to Multi-Currency Consolidated Financial Statement. Are you interested in this product but are an Excel user? That’s not a problem at all. You can connect Google Sheets to Excel quickly.
To learn more about LiveFlow, book a demo.
You can learn about other Excel and Google Sheets formulas and tips that are not mentioned here on this page: LiveFlow‘s How to Guides
Learn how to do this step-by-step in the video below 👇