Excel formula: Next business day 6 months in the future

Next business day 6 months in future

Read time: 20 minutes

Figure 1. Next Business Day 6 Months In Future Excel..

Let us assume that we have to determine a specific date, 6 Months In advance, which must also occur on a working day, we have to use a combination of the Excel WORKDAY and EDATE Functions.

Formula Syntax

=WORKDAY(EDATE(date,6)-1,1,holidays)

The Excel WORKDAY and EDATE Functions do not recognize weekends.

How to use the WORKDAY and EDATE Functions in Excel.

Arrange the dates to be referred to in a labeled column of our worksheet.

Be sure to provide another column containing holiday dates.

See example illustrated below;

Figure 2. Next Business Day 6 Months In Future Excel.

The formula in cell B2 of our worksheet example is as follows;

=WORKDAY(EDATE(A2,6)-1,1,D3:D4)

Figure 3. Next Business Day 6 Months In Future Excel.

Operating from within, the EDATE Function, first determines a date 6 months in advance,

It then subtracts 1 to generate a result which goes to the WORKDAY function.

Taking into account holidays and weekends, the WORKDAY function then determines the actual next business day, occurring 1 day in advance.

Enter a modified version of our formula in cell B2 into cell B3;

Figure 4. Next Business Day 6 Months In Future Excel.

Note

Neither of the Excel WORKDAY and EDATE Functions take weekends into account during their calculations.

Figure 5. Final Result.

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