How to Calculate Business Days in Excel?

Are you trying to figure out how to calculate business days in Excel? With the right tools and step-by-step instructions, you can easily calculate the number of business days between two dates. This guide will walk you through the process of calculating business days in Excel, from setting up your spreadsheet to using the Networkdays function. So, let’s get started and learn how to calculate business days in Excel!

Calculate Business Days in Excel

Business days are the working days that are usually Monday through Friday. Tracking the number of business days between two dates is an important part of many businesses. Excel is a powerful tool for tracking and calculating business days in various scenarios. In this article, we will discuss how to calculate business days in Excel.

The first step in calculating business days in Excel is to determine the start and end dates for the period you are measuring. Once you have the start and end dates, you can use Excel’s built-in functions to calculate the number of business days between them. The most commonly used function for this purpose is the NETWORKDAYS function. This function allows you to specify a start date and end date, and it will return the number of business days between them.

The NETWORKDAYS function can also be used to calculate the number of business days between two dates taking into account holidays. You can specify a list of holidays that should be excluded from the calculation. This is useful if you want to calculate business days for a period that includes holidays. The NETWORKDAYS function will also return the number of weekends between two dates.

Calculate Number of Business Days Between Two Dates

To calculate the number of business days between two dates in Excel, you can use the NETWORKDAYS function. The NETWORKDAYS function takes two arguments: the start date and the end date. The function will calculate the number of business days between the two dates and return the result.

For example, if you want to calculate the number of business days between January 1, 2020 and March 31, 2020, you can use the following formula:

=NETWORKDAYS(A1,B1)

In this example, A1 is the cell containing the start date (January 1, 2020) and B1 is the cell containing the end date (March 31, 2020). The NETWORKDAYS function will calculate the number of business days between these two dates and return the result.

Exclude Holidays from the Calculation

The NETWORKDAYS function can also be used to calculate the number of business days between two dates while excluding holidays. To do this, you need to specify a list of holidays that should be excluded from the calculation.

For example, if you want to calculate the number of business days between January 1, 2020 and March 31, 2020 while excluding the following holidays: New Year’s Day, Memorial Day, and Independence Day, you can use the following formula:

=NETWORKDAYS(A1,B1,C1:C3)

In this example, A1 is the cell containing the start date (January 1, 2020), B1 is the cell containing the end date (March 31, 2020), and C1:C3 is the range containing the list of holidays (New Year’s Day, Memorial Day, and Independence Day). The NETWORKDAYS function will calculate the number of business days between these two dates while excluding the specified holidays.

Calculate Number of Weekends Between Two Dates

The NETWORKDAYS function can also be used to calculate the number of weekends between two dates. To do this, you need to specify the weekends you want to include in the calculation.

For example, if you want to calculate the number of weekends between January 1, 2020 and March 31, 2020, you can use the following formula:

=NETWORKDAYS(A1,B1,2,1)

In this example, A1 is the cell containing the start date (January 1, 2020) and B1 is the cell containing the end date (March 31, 2020). The 2 indicates that Saturdays should be included in the calculation, and the 1 indicates that Sundays should be included in the calculation. The NETWORKDAYS function will calculate the number of weekends between these two dates and return the result.

Calculate Number of Business Days in a Year

The NETWORKDAYS function can also be used to calculate the number of business days in a year. To do this, you need to specify the start date and end date of the year.

For example, if you want to calculate the number of business days in 2020, you can use the following formula:

=NETWORKDAYS(DATE(2020,1,1),DATE(2020,12,31))

In this example, the DATE function is used to specify the start date (January 1, 2020) and end date (December 31, 2020). The NETWORKDAYS function will calculate the number of business days between the two dates and return the result.

Frequently Asked Questions

What is a business day?

A business day is a day that is usually considered to be a working day, excluding weekends and public holidays. It may also exclude certain holidays that are observed by certain companies or organizations. Business days are generally used to measure the amount of time between two dates.

How do I calculate business days in Excel?

In Excel, you can calculate the number of business days between two dates using the WORKDAY function. This function requires two arguments, the start date and the end date. It also allows you to specify any holidays that should be excluded from the calculation. Additionally, you can use the NETWORKDAYS function to calculate the number of business days between two dates, excluding weekends and holidays.

What are the arguments of the WORKDAY function?

The WORKDAY function requires two arguments: a start date and an end date. It also allows you to specify up to 29 holidays that should be excluded from the calculation. The syntax of the function is WORKDAY(start_date, end_date, ).

How do I calculate the number of business days between two dates?

In Excel, you can use either the WORKDAY or the NETWORKDAYS function to calculate the number of business days between two dates. For the WORKDAY function, you must specify the start date, the end date, and any holidays that should be excluded from the calculation. For the NETWORKDAYS function, you must specify the start date and the end date, but you do not need to specify any holidays.

What is the difference between the WORKDAY and NETWORKDAYS functions?

The WORKDAY and NETWORKDAYS functions are both used to calculate the number of business days between two dates. The difference is that the WORKDAY function requires you to specify any holidays that should be excluded from the calculation, while the NETWORKDAYS function automatically excludes weekends and holidays.

What is the syntax of the WORKDAY function?

The syntax of the WORKDAY function is WORKDAY(start_date, end_date, ). This function requires two arguments, the start date and the end date. It also allows you to specify up to 29 holidays that should be excluded from the calculation.

How to Calculate Working Days in Excel & Exclude ANY Days you WANT (weekends too)

By following the steps outlined in this article, you can quickly and easily calculate business days in Excel. From setting up the working day calendar to creating a formula to calculate the number of business days between two dates, Excel makes it simple to ensure that your time and energy are spent on the tasks that matter most. So, what are you waiting for? Start calculating business days in Excel today and get a jump on all of your projects.