• Skip to main content
  • Skip to footer
Revelwood Logo

Revelwood

Your SUPER-powered WP Engine Site

  • Who We Are
    • About Us
      • Our Company
      • Our Team
      • Partners
    • Careers
      • Join Our Team
  • What We Do
    • Solutions
      • Workday Adaptive Planning
      • IBM Planning Analytics
      • BlackLine
    • Services
      • Implementation Services
      • Customer Care
        • Help Desk
        • System Administration as a Service
      • Training
        • Adaptive Planning Training
        • IBM Planning Analytics / TM1 Training
    • Products
      • DataMaestro
      • LightSpeed
      • IBM Planning Analytics Utilities
  • How We Help
    • Workday Adaptive Planning Use Cases
    • IBM Planning Analytics Use Cases
    • BlackLine Use Cases
    • Client Success Stories
  • How We Think
    • Knowledge Center
    • Events
    • News
  • Contact Us

IBM Planning Analytics Tips & Tricks

IBM Planning Analytics Tips & Tricks: Excel EOMONTH

 

February 21, 2023

By Lee Lazarow

Thirty days has September …

Do you sing that out loud every time you want to determine the number of days in a month? If so, do you have to pause and think about the end when defining the last day of February? More importantly, do you have to write complex logic into your spreadsheet to define this? If so, you may want to learn more about the EOMONTH function in Excel!

The EOMONTH function is designed to tell you the last day of a month – either the current month, a future month, or a historical month. The function has two parameters:

=EOMONTH(start_date, months)

  • The start_date parameter defines the initial date of your calculation
    • Microsoft recommends using the DATE function for this value
  • The months parameter defines the number of months from the start date
    • A zero value results in the current month
    • A positive value results in a future month
    • A negative value results in a previous month

Graphical user interface, application, table, Excel

Description automatically generated

This approach will help you in various planning models such as …

  • Workforce planning – when to start calculating benefits 
  • Asset planning – when to begin the depreciation calculations

This can also be used to define start dates by simply adding 1 to the result and determining the first day of the next month. Now we just need a formula to help us when someone obnoxiously tells us to “just perform the task on each day that ends in Y.”

IBM Planning Analytics, which TM1 is the engine for, is full of new features and functionality. Not sure where to start? Our team here at Revelwood can help. Contact us for more information at info@revelwood.com. And stay tuned for more Planning Analytics Tips & Tricks weekly in our Knowledge Center and in upcoming newsletters!

Read more IBM Planning Analytics Tips & Tricks:

IBM Planning Analytics Tips &Tricks: Rounded Buttons in Planning Analytics Workspace

IBM Planning Analytics Tips & Tricks: MDX Syntax Explained

IBM Planning Analytics Tips & Tricks: Working with Two Time Zones in Google Calendar

Author

  • Lee Lazarow
    Lee Lazarow

    View all posts

    • Categories

      • Awards & Recognition
      • Financial Close & Consolidation
      • FP&A Done Right
      • IBM Planning Analytics Tips & Tricks
      • News & Events
      • Success Stories
      • Tech Bulletins
      • Workday Adaptive Planning Insights
      • Workday Adaptive Planning Tips & Tricks

    Popular Posts

    Authors

    Adam Riskin
    Adam Riskin
    Ailenette Cruz
    Ailenette Cruz
    Alex Goldman
    Alex Goldman
    Ben Alcock
    Ben Alcock
    Brian Combs
    Brian Combs
    Dave Miersch
    Dave Miersch
    Dillon Rossman
    Dillon Rossman
    Gary Leiffer
    Gary Leiffer
    John Pra Sisto
    John Pra Sisto
    Ken Wolf
    Ken Wolf
    Koury Reid
    Koury Reid
    Lee Lazarow
    Lee Lazarow
    Lisa Minneci
    Lisa Minneci
    Marc Assenza
    Marc Assenza
    Mary Luchs
    Mary Luchs
    Michelle Song
    Michelle Song
    Nina Inverso
    Nina Inverso
    Revelwood
    Revelwood
    Robert Nordhagen
    Robert Nordhagen
    Tara Byrnes
    Tara Byrnes
    Wesley DeMarco
    Wesley DeMarco

    Sign up for our newsletter

    Connect

Footer

Revelwood Overview

Revelwood helps finance organizations close, consolidate, plan, monitor and analyze business performance. As experts in solutions for the Office of Finance, we partner with best-in-breed software companies by applying best practices guidance and our pre-configured applications to help businesses achieve their full potential.

EXPERTISE

  • Workday Adaptive Planning
  • IBM Planning Analytics
  • BlackLine

ABOUT

  • Who We Are
  • What We Do
  • How We Help
  • How We Think
  • Privacy

CONNECT

Contact:

25B Vreeland Road, Suite 111 Florham Park, NJ 07932
201.984.3030
info@revelwood.com

Copyright © 2023 · Revelwood Inc. All rights reserved. Revelwood® and the Revelwood logo are registered marks of Revelwood Inc.