Billing Formula: If date is greater than 10..

[pherman]

Hello there!
I'm trying to make a spreadsheet that would automatically populate a cancellation effective date. If a product is cancelled on the 10th day of the month or less, than the cancellation effective date should be the last day of the current month. If the cancellation is greater than the 10th, the cancellation effective date should be the last day of the following month.

For example:
Product cancellation was received on the 1/9/2018, cancellation effective date 1/31/2017
Product cancellation received on 1/11/2018, cancellation effective date 2/28/2018

I had previously searched for an answer and found a fomula that will give me the end of of the current month but I can't figure out how to add into the equation a date for the following month.

=IF(DAY(E4)<=10,DATE(YEAR(E4),MONTH(E4),30),DATE(YEAR(E4),MONTH(E4)+1,0))

Your help is much appreciated!

 

[Joe4]

Welcome to the Board!
This should do what you want:

=IF(DAY(E4)<=10,DATE(YEAR(E4),MONTH(E4)+1,0),DATE(YEAR(E4),MONTH(E4)+2,0))

 

[pherman]

That worked! Thank you so much!!

 

[Marcílio_Lobão]

pherman, Good afternoon.

Dear Joe4, Good afternoon.

My suggestion is:

=IF(DAY(E4)<=10, EOMONTH(E4,0), EOMONTH(E4,1))

I hope it helps.

 

[Joe4]

Marcilio,

Yes, I forgot about the EOMONTH function that was introduced with Excel 2007. As long as they are not using an older version Excel, that would be the simplest way to go.

If, by chance, you are using an older version of Excel, I was able to simplify my original formula a little:

=DATE(YEAR(E4),MONTH(E4)+IF(DAY(E4)<=10,1,2),0)