Calculate Payment Date - Excel or Power Query

crazypanda

New Member
Joined
Feb 12, 2024
Messages
1
Office Version
  1. 365
Platform
  1. Windows
I need help calculating payment date (either in Power Query or Excel - the data has been cleaned up by PQ, but happy to do a formula just in table of excel to get this part.
I have a Due Date column. I need a Payment Date column.
Payments are made on Thursdays, paying bills that have already passed the due date, and up to including the following Wednesday.
Examples:
ie Today is 13/Feb/24. IF a Due date is 10/Feb (already passed due date), it will get paid on 15Feb. If Due Date is 18/Feb (up to and including following Wednesday), it will also be paid on 15Feb.
Help would be heaps appreciated :)
 

Excel Facts

Which lookup functions find a value equal or greater than the lookup value?
MATCH uses -1 to find larger value (lookup table must be sorted ZA). XLOOKUP uses 1 to find values greater and does not need to be sorted.
Not really sure what your past due on 10 February means regarding how to calculate when to calculate a payment date that you know you need to pay ASAP.
So, i've ignored that.

So, here is my guess at it:

Book1
ABC
1Due DatePayment Date
2Sat 2024-02-10Thu 2024-02-08
3Sun 2024-02-11Thu 2024-02-08
4Mon 2024-02-12Thu 2024-02-08
5Tue 2024-02-13Thu 2024-02-08
6Wed 2024-02-14Thu 2024-02-08
7Thu 2024-02-15Thu 2024-02-08
8Fri 2024-02-16Thu 2024-02-15
9Sat 2024-02-17Thu 2024-02-15
10Sun 2024-02-18Thu 2024-02-15
11Mon 2024-02-19Thu 2024-02-15
12Tue 2024-02-20Thu 2024-02-15
13Wed 2024-02-21Thu 2024-02-15
14Thu 2024-02-22Thu 2024-02-15
15Fri 2024-02-23Thu 2024-02-22
16Sat 2024-02-24Thu 2024-02-22
17Sun 2024-02-25Thu 2024-02-22
Sheet4
Cell Formulas
RangeFormula
C2:C17C2=WORKDAY.INTL(B2,-1,"1110111")
 
Upvote 0
If I'm following correctly, this might be what you want:
Book1
ABC
1Due DatePayment Date
2Sat 10-Feb-24Thu 15-Feb-24
3Sun 11-Feb-24Thu 15-Feb-24
4Mon 12-Feb-24Thu 15-Feb-24
5Tue 13-Feb-24Thu 15-Feb-24
6Wed 14-Feb-24Thu 15-Feb-24
7Thu 15-Feb-24Thu 15-Feb-24
8Fri 16-Feb-24Thu 15-Feb-24
9Sat 17-Feb-24Thu 15-Feb-24
10Sun 18-Feb-24Thu 15-Feb-24
11Mon 19-Feb-24Thu 15-Feb-24
12Tue 20-Feb-24Thu 15-Feb-24
13Wed 21-Feb-24Thu 15-Feb-24
14Thu 22-Feb-24Thu 22-Feb-24
15Fri 23-Feb-24Thu 22-Feb-24
16Sat 24-Feb-24Thu 22-Feb-24
17Sun 25-Feb-24Thu 22-Feb-24
Sheet1
Cell Formulas
RangeFormula
C2:C17C2=IF(B2-1<=TODAY(),WORKDAY.INTL(B2,1,"1110111"),WORKDAY.INTL(B2+1,-1,"1110111"))
 
Upvote 0

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