How To Use Yearfrac Excel

Start date is the first argument so select date 1 as the cell reference i e a2 cell.

How to use yearfrac excel. Yearfrac 01 jan 19 15 sep 19 returns 0 71. A date that represents the start date. When using the us nasd 30 360 basis and the start date is the last day in february the yearfrac function may return an incorrect result. Basic syntax of yearfrac function. It s the basis with which you must be careful when using the yearfrac function.

The second argument is end date so select the b2 cell as the reference. The excel yearfrac function returns a decimal number representing the fractional years between two given dates. The yearfrac function in excel returns a decimal value that represents fractional years between two specified dates. All arguments will be truncated to integer. Basis optional the type of day count basis to use see image below.

But the difference is actually more than 1 year so to get the full difference of a year we will use the yearfrac function in the c2 cell. For example given the 01 jan 19 as the start date and the 15 sep 19 as the end date you can calculate the fractional years between these dates using the following formula. A date that represents the end date. Yearfrac start date end date basis. Now copy the formula to other cells using the ctrl d shortcut key.

Yearfrac 1 jan 2018 1 jan 2019 returns 1 yearfrac 1 jan 2018 1 jul 2019 returns 1 5. The basic formula for using this function is. Excel uses whole days between two dates to work out the fraction of a year as a decimal value. Yearfrac calculates a decimal number representing the fraction of a year between two dates. The yearfrac function however requires a bit more knowledge than most other functions.

Start date the start date. Use the cell reference or date function in excel while taking date as input to the function now press enter to get the yearfrac value the result specifies the year gap between the two dates. For instance you can use yearfrac to identify the proportion of a whole year s benefits or obligations to assign to a specific term. End date the end date.