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One of the frequently asked questions by users is how to use the eomonth formula in Excel. To understand how it can be applied, we need to look at its main functions and benefits first.

The function is mainly used to return the serial number for the last day of the month. The date is the indication of the number of months which in turn are only the number of months before or after the start date.

What can be calculated with the eomonth formula in Excel?

You can for instance, use the formula to establish due dates for projects and payments which fall on the last day of the month. It is thus useful for calculating salary dates.

What can be done if the function doesn’t work?

If an error message is received, you will need to load the Analysis ToolPak by clicking on the Add-ins option on the tools menu. From here you select the Analysis ToolPak box and simply confirm by selecting OK. You may need to do the set-up, but the instructions will be provided.

What does the start_date stand for?

It is used for the starting date to be used in the calculation.