The DAYS360 function, one of Excel's Date and Time functions, can be used in accounting systems to calculate the number of days between two dates based on a 360-day year (twelve 30-day months).
The syntax for the DAYS360 function is:
= DAYS360 ( Start_date , End_date , Method )
Start_date - the start date of the chosen time period.
End_date - the end date of the chosen time period.
Method - A Boolean value (TRUE or FALSE).
- If TRUE -- the function uses the U.S. method of calculating start and end dates.
- If FALSE -- the function uses the European method of calculating start and end dates.
Note: The Method can be omitted. If it is, the U.S. method is used in the calculations.
Example Using Excel's DAYS360 Function:
For help with this example, see the image above.
- Enter the following data into the appropriate cell:
D1 - Start:
D2 - Finish:
D3 - Method:
E1 - 7/7/2008
E2 - 11/7/2008
E3 - TRUE
Note: If the dates in cells E1 and E2 do not appear correct, check to see that these cells are formatted for dates.
- Click on cell F1 - the location where the results will be displayed.
- Click on the Formulas tab.
- Choose Date and Time functions > DAYS360 from the ribbon to bring up the
function's dialog box.
- Click on the Start_date line in the dialog box.
- Click on cell E1 in the spreadsheet.
- Click on the End_date line in the dialog box.
- Click on cell E2 in the spreadsheet.
- Click on the Method line in the dialog box.
- Click on cell E3 in the spreadsheet.
- Click OK in the dialog box.
- The number of days - 120 appears in cell F1.
- When you click on cell F1 the complete function
= DAYS360 ( E1 , E2 , E3 ) appears in the formula bar above the worksheet.