Hello. I'd really like some help with this. I really appreciate any replies.
I need to do forecasting on salary costs for staff members. They are paid a salary which is divided equally between the months. So if their salary is £36,000, then they get paid £3,000 in February, and £3,000 in March, and £3,000 in every month of the year.
I have been trying to tweak the below formulae which I've found in a thread from 2012. Both formula does the same thing. However, currently those formulae assume that the start date is to be discounted from the answer, but I need it to be inclusive.
=(DAY(EOMONTH(A1,0))-DAY(A1))/DAY(EOMONTH(A1,0))+DATEDIF(A1,B1,"m")-1+DAY(B1)/DAY(EOMONTH(B1,0))
=DATEDIF(A2,B2,"m")+DAY(B2)/DAY(EOMONTH(B2,0))-DAY(A2)/DAY(EOMONTH(A2,0))
Thus, someone will work for us as follows:
Start date: 01/07/2021 (or 07/01/2021 in US terminology)
End date: 31/12/2021
This is exactly 6.0 months. But using the above formulae I get 5.96774 months, because it's subtracting 1st July.
What I need is the precise formula which would also include 1st July in the months counted.
But it also needs to work if someone is commencing or departing at any point in a month, not necessarily just the start/end of a month
Many thanks in advance
Paul
I need to do forecasting on salary costs for staff members. They are paid a salary which is divided equally between the months. So if their salary is £36,000, then they get paid £3,000 in February, and £3,000 in March, and £3,000 in every month of the year.
I have been trying to tweak the below formulae which I've found in a thread from 2012. Both formula does the same thing. However, currently those formulae assume that the start date is to be discounted from the answer, but I need it to be inclusive.
=(DAY(EOMONTH(A1,0))-DAY(A1))/DAY(EOMONTH(A1,0))+DATEDIF(A1,B1,"m")-1+DAY(B1)/DAY(EOMONTH(B1,0))
=DATEDIF(A2,B2,"m")+DAY(B2)/DAY(EOMONTH(B2,0))-DAY(A2)/DAY(EOMONTH(A2,0))
Thus, someone will work for us as follows:
Start date: 01/07/2021 (or 07/01/2021 in US terminology)
End date: 31/12/2021
This is exactly 6.0 months. But using the above formulae I get 5.96774 months, because it's subtracting 1st July.
What I need is the precise formula which would also include 1st July in the months counted.
But it also needs to work if someone is commencing or departing at any point in a month, not necessarily just the start/end of a month
Many thanks in advance
Paul