How Many Working Days In A Year latest 2023

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Calculate Working Days Between 2 Date

Calculating working days is always a challenge for all of us. Although the concept is simple, calculating it has never been easy. The approach we commonly use is to physically count the number of days using a calendar. This approach is very prone to human error and therefore we tend to count a few more times to make sure we have counted correctly. Imagine how painful it is to count down for many sets of dates. Things would have been different if you were using MS Excel as it can help you get the answers quickly and accurately in different ways.

The first is to use the formula called NETWORKDAYS. The formula is very easy to use. All you have to do is type in the formula, enter the start and end dates. The formula will immediately display the number of working days between the 2 given dates, based on a 5 day working week. If you want to exclude holidays from the calculation, just enter the holidays you want to exclude from the formula. You can enter all the holidays of the year and the NETWORKDAYS formula will be able to select the relevant holidays as they fall between the start and end dates. You may not find this formula in your Excel application if you have not activated the Analysis Toolpak add-in. Some of you may need to install the add-in in Excel. This addin contains very powerful formulas, unknown to most users, just like the NETWORKDAYS formula.

The second way to calculate working days is to use a combination of formulas as shown (D6 contains the start date and E6 the end date:

SUMPRODUCT(–(DAY OF WEEK(ROW(INDIRECT($D6&”:”&$E6)),2)

It uses the power of array formulas. The INDIRECT formula converts a text reference to a valid range reference.

SUMPRODUCT(–(DAY WEEK(ROW(INDIRECT($D6&”:”&$E6)),2)LINE(INDIRECT($D6&”:”&$E6)),2)Formula WEEKDAY on all the dates listed (invisibly) and identify the dates that meet the conditions mentioned (if the dates are before or the same as Friday, i.e. Monday to Friday).

SUMPRODUCT(–(DAY OF WEEK(ROW(INDIRECT($D6&”:”&$E6)),2)SUMPRODUCT, it will sum all the ones and zeros found in the entire date range of the invisible array and give you the total number of days from Monday to Friday in each week.

Using the same formula but changing the criteria to SUMPRODUCT(–(WEEKDAY(ROW(INDIRECT($D6&”:”&$E6)),2)=5))*0.5

When the 2 formulas are added together, we can calculate the number of working days based on a 5.5 day work week.

=SUMPRODUCT(–(DAY OF WEEK(ROW(INDIRECT($D6&”:”&$E6)),2)SUMPRODUCT(–(DAY WEEK(ROW(INDIRECT($D6&”:”&$E6)),2)=6))*0.5

We used the second formula in our payroll model to calculate the number of working days in a month.

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