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Shannon Andreas 1 Need a future date formula
Hello!
I was wondering if someone could help me out with a formula.
I need a formula that calculates the future date of a contract expiration.So the case goes like this:
Effective Date of contract year 1 = Service_Effective_Date__c
End date of contract year 1 = 12 months from Service_Effective_Date__c
Effective Date of contract year 2 = End date of Contract year 1 + 1 day
End Date of contract year 2 = 12 months from Effective Date of contract year 2
Effective Date of contract year 3 = End date of Contract year 2 + 1 day
End Date of contract year 3 = 12 months from Effective Date of contract year 3
Of course, I tried adding 365 days, but as you all know, that won't account for leap years and varying numbers of days in a month.
There is a contract term field which indicates the term in months of a contract if that would be easier to use.
Any help is appreciated.
Shannon
I was wondering if someone could help me out with a formula.
I need a formula that calculates the future date of a contract expiration.So the case goes like this:
Effective Date of contract year 1 = Service_Effective_Date__c
End date of contract year 1 = 12 months from Service_Effective_Date__c
Effective Date of contract year 2 = End date of Contract year 1 + 1 day
End Date of contract year 2 = 12 months from Effective Date of contract year 2
Effective Date of contract year 3 = End date of Contract year 2 + 1 day
End Date of contract year 3 = 12 months from Effective Date of contract year 3
Of course, I tried adding 365 days, but as you all know, that won't account for leap years and varying numbers of days in a month.
There is a contract term field which indicates the term in months of a contract if that would be easier to use.
Any help is appreciated.
Shannon
[1] https://help.salesforce.com/HTViewHelpDoc?id=formula_examples_dates.htm&language=en_US#adding-dmy-to-date (https://help.salesforce.com/HTViewHelpDoc?id=formula_examples_dates.htm&language=en_US#adding-dmy-to-date)
I'd recommend using a trigger to update the values into holder fields - that would separate the formulas from the object (making them a little easier to administer) and give you fields that you an use for formulas and manipulations a little more easily elsewhere.
Just a thought!