RECEIVED is a function in Excel that calculates the number of days between two dates. It can be used to calculate how many days have passed since a particular date, or to calculate the due date for a task based on the number of days it will take to complete.
The syntax of RECEIVED in Excel is as follows:
This function calculates the number of days between the date and time entered and the date and time that the transaction was received. The function then returns the value in currency format.
An example of how to use the RECEIVED function in Excel would be to calculate the total amount of money a customer has spent at a business over a period of time. The function can be used to calculate the total amount of money a customer has spent in a given month, week, or day.
There are a few instances in which you should not use the RECEIVED function in Excel. First, if you are working with text data, RECEIVED will return the wrong value. Second, if you are working with dates, RECEIVED will return the wrong value. Finally, if you are working with numbers, RECEIVED will return the wrong value if the numbers are negative.
Formulae that are similar to RECEIVED in Excel include SUMIF, COUNTIF, and AVERAGEIF. These formulae allow you to perform calculations on a range of cells based on a specific condition. For example, you could use the SUMIF formula to calculate the total amount of sales for a specific customer, or the AVERAGEIF formula to calculate the average sale amount for a specific product.