I need to calculate a date for effective insurance coverage. Our policy states that insurance becomes effective on the first day of the month after the employee has been employed a full 30 days. For example if the employee started on June 6th their insurance would become effective on August 1st. How can I use the employees hire date to populate the effective coverage date?
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How do I calculate the 1st day of the month after a full 30 days of employment?
asked on June 13, 2016
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replied on June 13, 2016
=EOMONTH(Date ,1 )+1, where "Date" was the variable for the employment start date. "EOMONTH(date, months)" rounds the date specified as the first argument to the last day of the month after the number of months specified in the second argument. So, for anything in June, you'd get Jul 31. "+1" at the end adds a day, converting July 31 to Aug 1.
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replied on June 13, 2016
What product are we talking about? Workflow? Forms?
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replied on June 13, 2016
Forms 10
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