Hi guys,
Can someone help me create a contract in Excel? I need a formula to automate the months remaining out of the contract. I use Microsoft Excel 2010 on a Windows XP desktop.
Thanks in advance.
Can someone help me create a contract in Excel?
Hi Dudley,
Though your requirements aren't complete, I tried to improvise and created a simple Excel calculation With regards to your inquiry. In this instance we will be using the MONTH, YEAR, and NOW Excel functions in calculating the months remaining in the contract. I had used the following steps in acquiring the remaining month of the contract.
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Using the Round Up function of Excel we will acquire the month of the .
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This method only uses the month and year in calculation.
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In my example – see attached Excel file; in cell B2, I used the "=NOW" function.
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The NOW function sets the current date and time by reading the computer's serial date.
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The user is not required to input any data on this cell.
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In cell B3, the user may input the end date of the contract.
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For this method, we use the following formula in cell B4 – "=(YEAR(CurrentDate)-YEAR(EndDate))*12+MONTH(CurrentDate)-MONTH(EndDate)"
Or
"=(YEAR(B3)-YEAR(B2))*12+MONTH(B3)-MONTH(B2)"
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The number that is returned in cell B4 is equals the number of months from today's date to end date of the contract rounded up to the next whole number.
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The user is not required to input any data on this cell.
Hopefully I had helped you out with your contract automation.