How To Use Yearfrac Excel

The second argument is end date so select the b2 cell as the reference.

How to use yearfrac excel. 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. The excel yearfrac function returns a decimal number representing the fractional years between two given dates. The basic formula for using this function is. Basic syntax of yearfrac function. It s the basis with which you must be careful when using the yearfrac function.

All arguments will be truncated to integer. Now copy the formula to other cells using the ctrl d shortcut key. The yearfrac function however requires a bit more knowledge than most other functions. End date the end date. Yearfrac start date end date basis start date is the first variable date end date is the second variable date and basis is the assumption under which excel should return the result of the calculation.

Yearfrac 01 jan 19 15 sep 19 returns 0 71. 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. Yearfrac 1 jan 2018 1 jan 2019 returns 1 yearfrac 1 jan 2018 1 jul 2019 returns 1 5. Basis optional the type of day count basis to use see image below. Yearfrac start date end date basis arguments.

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. 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. Excel uses whole days between two dates to work out the fraction of a year as a decimal value. Yearfrac start date end date basis the yearfrac function syntax has the following arguments. A date that represents the start date.

For instance you can use yearfrac to identify the proportion of a whole year s benefits or obligations to assign to a specific term. Start date the start date. Start date is the first argument so select date 1 as the cell reference i e a2 cell. Yearfrac start date end date basis.