Amortization in a fiscal year... baffled.

[legendarywalton]

Hi guys,

I've searched all over the place and can't find an answer to this one. I need to determine how much amortization lands in a fiscal year, using date ranges and terms of the contract. Essentially I need to analyze a start date and end date and determine how many months between those two dates are in the range of 7/1/14 and 6/30/15. Attached a spreadsheet for visual aid.

Thanks for the help

[shg]

What defines a month? Is a single day sufficient?

[Pete_UK]

Try this formula in H2:

=MONTH(MIN(D2,$D$9))-MONTH(MAX(C2,$C$9))+(YEAR(D2)>YEAR(C2))*12+1

then copy down.

Hope this helps.

Pete

[legendarywalton]

Thanks Pete... I thought I had a solution there! That formula certainly satisfies the data I presented on the spreadsheet, but I just came across a scenario that it doesn't work for:

8d5eedf7348babe6233b3dbe40401d5e.png

That should calculate as 5 months, not 17.

[Pete_UK]

Okay, try this one:

=MONTH(MIN(D2,$D$10))-MONTH(MAX(C2,$C$10))+IF(MONTH(MIN(D2,$D$10))-MONTH(MAX(C2,$C$10))<0,(YEAR(D2)>YEAR(C2))*12,0)+1

If that takes care of your original question, please select Thread Tools from the menu above your first post and mark this thread as SOLVED.

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Pete

[legendarywalton]

Thank you, thank you, thank you. Quite a novel solution... although I don't quite get the +1 at the end. Is this rounding?

[Pete_UK]

Say your loan starts in September and finishes in October - to me that means it lasts 2 months as the months are inclusive, but if you subtract the month number of September (9) from that of October (10) you only get 1, so you have to add 1 on to the end of the calculation.

Hope this helps.

Pete