My formula doesn't work when I choose the first of the month as Effective Date

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this is my formula:


=IFERROR(DATE(YEAR([Effective Date]@row) + ROUNDDOWN((MONTH([Effective Date]@row) + ([Contract Term (Months)]@row)) / 12, 0) + IF(IF(MOD(MONTH([Effective Date]@row) + ([Contract Term (Months)]@row), 12) = 0, 12, MOD(MONTH([Effective Date]@row - 1) + ([Contract Term (Months)]@row), 12)) = 12, -1), IF(MOD(MONTH([Effective Date]@row - 1) + ([Contract Term (Months)]@row), 12) = 0, 12, MOD(MONTH([Effective Date]@row - 1) + ([Contract Term (Months)]@row), 12)), DAY([Effective Date]@row) - 1), "")

it works except when I choose the first of the month. Please help.

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Answers

  • Nick Korna
    Nick Korna ✭✭✭✭✭✭
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    Hi @WinaHath,

    What result are you expecting if you put the 1st of the month in the effective date?

  • WinaHath
    WinaHath ✭✭✭✭
    edited 01/16/24
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    it is supposed to take the number in the contract term column, add that to the effective date, minus 1 day to output the End Date


  • Nick Korna
    Nick Korna ✭✭✭✭✭✭
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    Using your above data as a sample, is this correct (albeit in different date format)?

    New formula:

    =IFERROR(DATE(YEAR([Effective Date]@row) + ROUNDDOWN((MONTH([Effective Date]@row) + ([Contract Term (Months)]@row)) / 12, 0) + IF(IF(MOD(MONTH([Effective Date]@row) + ([Contract Term (Months)]@row), 12) = 0, 12, MOD(MONTH([Effective Date]@row - 1) + ([Contract Term (Months)]@row), 12)) = 12, -1), IF(MOD(MONTH([Effective Date]@row - 1) + ([Contract Term (Months)]@row), 12) = 0, 12, MOD(MONTH([Effective Date]@row - 1) + ([Contract Term (Months)]@row), 12)), MAX(DAY([Effective Date]@row - 1), 1)), "")

    The 1st of the month is failing in your formula as you can't have the 0th of the month (from DAY([Effective Date]@row) - 1) ), so the MAX portion of the formula fixes by making any 0s into 1s.

    Let me know if I'm barking up the wrong tree with this or if you've any problems/questions.

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