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Calculate future and past dates.


Q. One of my monthly tasks is to calculate contract expiration dates. If I know a contract will expire in nine months from a given date, for example, can Excel figure out the actual expiration date?

A. The EDATE EDATE Effective Date  function, when linked with the NOW function, can do that. If you want to know a date nine months from today, use the formula: =EDATE(NOW(),9).

If you want the date nine months ago, use a negative number in the formula, such as: =EDATE(NOW(),-9).

Caveat: If your answer is a five-digit number instead of a date, it means you failed to format the cell correctly. To prepare a cell to exhibit its answer as a date, right-click on the cell to bring up the format screen (see screenshot See screen shot.  below) and select the date format you want. The result will be the screenshot on the right.

[ILLUSTRATION OMITTED]

In the unlikely event EDATE fails to work, you probably haven't enabled Analysis ToolPak, which is usually in Excel but by default isn't enabled. To turn it on, click on Tools, Add-Ins. One of the options will be Analysis ToolPak. Click on it and then on OK.

If Analysis ToolPak is not among the options, it probably wasn't installed when Excel or Office was first loaded on your computer. In that case, you'll have to reinstall To go through the installation process once again, because files have become corrupted. See reload.  Excel from the original disks. When you do, be sure to install the Excel add-ins when the option is presented.

Key to Instructions

To help readers follow the instructions in this article, we use two different typefaces:

* Boldface type is used to identify the names of icons, agendas and URLs.

* Sans serif Short horizontal lines added to the tops and bottoms of traditional typefaces, such as Times Roman. Contrast with sans-serif.

 type shows commands and instructions users should type into the computer and the names of files.

STANLEY ZAROWIN, a former J of A senior editor, is now a contributing editor A contributing editor is a magazine job title that varies in responsibilities. Most often, a contributing editor is a freelancer who has proven ability and readership draw.  to the magazine. His e-mail address See Internet address.

e-mail address - electronic mail address
 is zarowin@mindspring.com.
COPYRIGHT 2005 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Technology Q&A
Author:Zarowin, Stanley
Publication:Journal of Accountancy
Date:Apr 1, 2005
Words:317
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