• Last Business day of month (Excel 2003 / SP1)

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    #438446

    Is there a formula to identify the last business day of a month?

    I know that =EOMONTH(“12/2/06”,0) will return 12/31/06, but I need something that will return 12/29/06. Could there be a takeoff on NETWORKDAYS?

    Actually, I need to know the same answer for the reverse. I also will need to identify the first business day of the month.

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    • #1045494

      See Worksheet Functions For Dates And Times on Chip Pearson’s site. The formulas given there don’t take holidays into account.

    • #1045496

      Here are functions that take holidays into account. They assume that
      a) you have created a range of holidays and named it Holidays, and
      you have installed the Analysis ToolPak add-in.

      Last business day of the month containing the date in cell A1:

      =WORKDAY(EOMONTH(A1,0)+1,-1,Holidays)

      First business day of the month containing the date in cell A1:

      =WORKDAY(EOMONTH(A1,-1),1,Holidays)

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