Next Payment Date
By Richard Rost 53 days ago
Calculate Next Payment, Reporting Dates
In this Microsoft Access tutorial, I'll guide you through the process of calculating the next payment date based on a fixed day of the month, such as the 7th day. Whether it's January 1st or January 18th, you'll learn how to determine that the next payment will always be on the following 7th of the month. This valuable skill will enable you to efficiently calculate future payment dates, providing clarity and control over your payment schedule.
Fiona from Duluth, Georgia (a Platinum Member) asks: I am building a database to track my credit cards. I like to leave a little balance on each of my cards on the date that they are reported to the credit bureau so that they see activity and not just a zero balance every month. If I know that the card is reported on, say, the 20th of the month, how can I display that to show the next reporting date? So if it's currently December 30th, I want it to show January 20th. This would also be helpful for finding your next payment date, so if your bill is always due on the 17th of the month and today is the 13th, you know you have 4 days left. If today is the 20th, you know you've got until next month. I'm using Excel for this now, but it would be nice to have it in my database.
Members will learn how to rewrite the function so it can deal with NULL values. If you have a payment in your table that doesn't have a specific day of the month it's paid on, so you leave that field blank, the function will return an #Error - unless you do what I show in this video.
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