Excel Guides

Monthly Close-Out Dates in Excel

The monthly close-out dates in Excel are the last days of the month. For example, if you are closing out your books for the month of January, the monthly close-out date would be January 31st. These dates are important because they mark the end of the accounting period and allow you to start fresh for the new month.

There are a few different ways that you can enter monthly close-out dates into Excel. The first way is to manually enter the date into a cell. To do this, simply click on the cell where you want to enter the date and then type in the date using the mm/dd/yyyy format. Once you have entered the date, press Enter on your keyboard and the date will be entered into the cell.

Another way to enter monthly close-out dates into Excel is to use a formula. The most common formula that is used for this purpose is the =EDATE() function. This function takes a start date and an interval as arguments and returns a new date that is offset from the start date by the specified interval. For example, if you wanted to find the monthly close-out date for January 31st, you would use the following formula: =EDATE(A1,1). In this formula, A1 is the cell that contains the start date (January 31st) and 1 is the number of months that you want to offset from that start date. This formula would return February 28th as the monthly close-out date for January.

You can also use conditional formatting to highlight monthly close-out dates in Excel. To do this, select the cells that you want to format and then click on the Home tab. In the Styles group, click on Conditional Formatting and then select New Rule from the drop-down menu. In the New Formatting Rule dialog box, select Format only cells that contain from the first drop-down menu and then select Cell Value from the second drop-down menu. Next, select equal to from the third drop-down menu and then type in =EDATE(TODAY(),1) in the fourth field. This formula will return tomorrow's date as long as today's date is not already a monthly close-out date. If today's date is a monthly close-out date, then this formula will return next month's close-out date. Finally, choose a format for your cells and click on OK.

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