Join Dennis Taylor for an in-depth discussion in this video Using times with currency calculations, part of Excel 2013: Working with Dates and Times.
…If you need to work with calculations that…involve times and currency rates, as we see…here in columns A and B, the formulas are not always direct as you might expect.…If we simply say, six hours needs to be paid at the…rate of $10 an hour, we know it's going to be $60.…But if we simply multiply these two cells together in no…particular order here, we do not get the answer we're expecting.…That's not the answer, we know it's going to be $60 or it should be.…So, we have to keep in mind that times, even though…this is six hours, is really a quarter of a day.…
Keep in mind anytime we work with dates…and times we really are working with values.…And although that is displayed as 6:00, and we're thinking six hours.…A quick check on the Home tab, in the number group.…If you simply click the comma button, right here…you'll see what the real value is, it's 0.25.…I'm going to press Ctrl+Z to undo that.…By the way, another quick way to do this too, if you're looking at a time,…and you want to see what its value is…you can press Ctrl+Shift+~ that uses general format.…
- Understanding how Excel records and stores dates and times
- Looking at standard date and time entry options and acceptable alternatives
- Using the TODAY and NOW functions
- Customizing date formats
- Using keyboard shortcuts
- Formatting time for hours over 24
- Calculating differences across dates and times
- Calculating the day of the week
- Working with holidays
- Validating dates
- Converting formatted dates to usable data
Skill Level Intermediate
1. The Excel Date and Time Systems
2. Creating Date and Time Entries
Instant date and time entry1m 28s
3. Date and Time Formatting
4. Date and Time Functions
5. Calculating with Dates and Times
6. Using Dates and Times with Excel Commands
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