Working Days & Holidays in Excel- Network days,

Join us to explore the powerful functions of working days and holidays in Microsoft Excel! Learn how to leverage the networkdays function to calculate working days, delve into excluding holidays from your calculations, and master advanced techniques for precise date-based computations. Whether you're a beginner or an Excel enthusiast, this tutorial will equip you with the essential skills to streamline your workday calculations and optimize your Excel expertise!
00:00 Working Days
07:30 Working days - holidays-Network days-Excluding Holidays
The NETWORKDAYS and NETWORKDAYS.INTL functions are commonly used in spreadsheet software like Microsoft Excel and Google Sheets to calculate the number of working days (business days) between two given dates, excluding weekends (Saturdays and Sundays) and optionally considering holidays.
NETWORKDAYS Function:
The NETWORKDAYS function calculates the number of working days between two dates, excluding weekends (Saturdays and Sundays) by default. Its syntax is usually:
NETWORKDAYS(start_date, end_date, [holidays])
start_date: The start date of the period you want to calculate the working days for.
end_date: The end date of the period you want to calculate the working days for.
[holidays]: Optional parameter that allows you to specify a range or array of dates (holidays) that should also be excluded from the count.
For example, suppose you want to find the number of working days between January 1, 2023, and January 15, 2023 (excluding weekends). You could use the formula:
=NETWORKDAYS("2023-01-01", "2023-01-15")
NETWORKDAYS.INTL Function:
The NETWORKDAYS.INTL function is an extended version of NETWORKDAYS that allows more flexibility in defining the weekend days and considers different weekend parameters. Its syntax is usually:
NETWORKDAYS.INTL(start_date, end_date, [weekend], [holidays])
start_date: The start date of the period you want to calculate the working days for.
end_date: The end date of the period you want to calculate the working days for.
[weekend]: Optional parameter that specifies which days of the week are considered weekends. It uses a code to represent the weekend days. For instance, "1" represents Saturday and Sunday as weekends (standard in the USA), while "2" represents Sunday and Monday as weekends.
[holidays]: Optional parameter that allows you to specify a range or array of dates (holidays) that should also be excluded from the count.
For example, to calculate the number of working days between two dates excluding both weekends (Saturday and Sunday) and a specific list of holidays, you could use:
=NETWORKDAYS.INTL("2023-01-01", "2023-01-15", 1, holidays_list)
Both functions are useful for financial modeling, project management, scheduling, and any other scenario where you need to calculate the number of business days between two dates, considering weekends and optionally holidays as non-working days.
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