Calculate Invoice Due Date (Net 30)
I need to automatically generate a due date that is exactly 30 days after the invoice issue date.
=A2+30 How it works: Excel stores dates as serial numbers, where January 1, 1900, is represented as 1. When you add an integer (like 30) to a date in Excel, you are directly adding that many days to the date's serial number. Therefore, `=A2+30` simply calculates the date that is exactly 30 days after the date in cell A2, effectively determining the 'Net 30' due date.
Data Setup
| Invoice Issue Date | Invoice Due Date |
|---|---|
| 2023-10-26 | |
| 2023-11-01 | |
| 2023-11-15 |
Step-by-Step Guide
Enter your invoice issue dates in a column (e.g., Column A, starting from cell A2).
In the cell where you want the due date to appear (e.g., B2), type the formula: `=A2+30`.
Press Enter to see the calculated due date.
Drag the fill handle (the small square at the bottom-right of cell B2) down to apply the formula to other invoice issue dates.
Ensure that both the 'Invoice Issue Date' column and the 'Invoice Due Date' column are formatted as 'Date' to display the results correctly.
Explore More
Summarizing Expenses by Category
As a small business owner, I track all my expenses in an Excel sheet. At the end of the month, I need to know the total spent on specific categories like 'Utilities' or 'Office Supplies' for budgeting and tax purposes. Manually adding these up is tedious and error-prone.
Determining Monthly Payments for New Equipment Financing
A small business owner needs to finance new equipment to expand operations and wants to calculate the fixed monthly payment required for the lease, given the equipment's total cost, the annual interest rate, and the lease term in years, to manage cash flow effectively and make informed investment decisions.
Calculate Total Sales by Product Category
I need to sum up the total revenue generated specifically from the 'Electronics' category in my sales log.
Find Price by Product Name (Case Insensitive)
As a small business owner, I often need to quickly look up the price of a product for a customer or to update inventory. My product list might have inconsistent capitalization (e.g., 'Widget A' vs 'widget a'), and I need a reliable way to find the price even if my search term's capitalization doesn't exactly match the database.