Applications
- Financial Modelling – This function finds its use in financial modeling, the process of finding a specific date can be efficiently automated with its help. It can be used in the monthly, quarterly, and annual financial models.
- Financial Analysts – It can also be useful for financial analysts when they have to calculate maturity dates for accounts payable or accounts receivable that fall on the last day of the month.
Using MONTH and EOMONTH functions in Excel
In this easy-to-follow guide, we’ll explore the Excel MONTH and EOMONTH functions. These functions are super handy for working with dates. We’ll show you how to use them to figure out which month a date belongs to, get the first and last day of a month, and more. Whether you’re new to Excel or an experienced user, this tutorial will help you become a pro at handling dates in your spreadsheets. By the end, you’ll be able to breeze through date-related tasks and make your Excel work even smoother. So, let’s dive in and master these functions together!
MONTH and EOMONTH are built-in functions in Excel that assist users in performing date-based operations, particularly those tied to months. Let’s delve into each function and see how they can be useful: