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Date Formula: Last business day - 2 of prior month

Posted on 2016-10-19
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Last Modified: 2016-10-20
So I need two date formulas:

1. Calculate the third to last business day of the month (last business day - 2) of the PRIOR month.
2. Calculate the third to last business day of the month (last business day - 2) of the CURRENT month.
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Question by:IO_Dork
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Expert Comment

by:mlmcc
ID: 41850746
Last Month
DateSerial(Year(CurrentDate), Month(CurrentDate), -2)

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CurrentMonth
DateSerial(Year(CurrentDate), Month(CurrentDate)+1, -2)

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mlmcc
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Author Comment

by:IO_Dork
ID: 41850750
but does that handle just business days? or just any calendar day? Needs to calculate based on business days only.
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Expert Comment

by:mlmcc
ID: 41851105
That is just calendar days.

I'll work on it for business days

mlmcc
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Expert Comment

by:James0628
ID: 41851780
Is "business days" just Mon - Fri, or something else?  Are holidays a factor?

 Since you didn't specify, I'm guessing that it's just Mon - Fri, but I thought I'd check.

 James
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Author Comment

by:IO_Dork
ID: 41851941
Correct, Just mon - fri.
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Expert Comment

by:mlmcc
ID: 41851943
DO you have the last day of the month available or do you need to calculate that?

mlmcc
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Author Comment

by:IO_Dork
ID: 41852024
Need to calculate that
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Expert Comment

by:mlmcc
ID: 41852070
Here is the basic formula for 3rd workday

WhilePrintingRecords;
If DayofWeek({Sheet2_.End Of Month}) in [1,2,3] then
    {Sheet2_.End Of Month} - 4
Else if DayofWeek({Sheet2_.End Of Month}) = 7 then
    {Sheet2_.End Of Month} - 3
Else
    {Sheet2_.End Of Month} - 2

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mlmcc
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Accepted Solution

by:
mlmcc earned 500 total points
ID: 41852086
Updated to calculate last day of month based on current date

Name - Last Day Of Current Month
WhilePrintingRecords;
Local DateVar LastDay;
LastDay := DateSerial(Year(CurrentDate), Month(CurrentDate) + 1, 0);
If DayofWeek(LastDay ) in [1,2,3] then
   LastDay  - 4
Else if DayofWeek(LastDay ) = 7 then
    LastDay - 3
Else
    LastDay  - 2

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Name - Last Day Of PreviousMonth
WhilePrintingRecords;
Local DateVar LastDay;
LastDay := DateSerial(Year(CurrentDate), Month(CurrentDate), 0);
If DayofWeek(LastDay ) in [1,2,3] then
    LastDay  - 4
Else if DayofWeek(LastDay ) = 7 then
    LastDay  - 3
Else
   LastDay  - 2

Open in new window


mlmcc
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Author Comment

by:IO_Dork
ID: 41852179
mlmcc:

So I am trying to reference this field in another formula field and I get the following error...will it not be possible to reference the result of this formula field? Ultimately, I need to reference this field to conditionally sum a different field.

screenshot.png
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Assisted Solution

by:mlmcc
mlmcc earned 500 total points
ID: 41852217
Take the WhilePrintingRecords line out of the formulas

mlmcc
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Author Closing Comment

by:IO_Dork
ID: 41852548
thanks, works perfectly!
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