Thread: Define Basis
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Janie Janie is offline
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Default Define Basis

I was trying to explain the YEARFRAC function to someone. I use it and
always omit the Basis. But I couldn't really explain what the different
Basis values mean. Oh, I know it determines how the days are counted .. but
exactly HOW???

The online help doesn't explain the value at all, and so I was hoping
someone could give me a good definition on how to determine which Basis one
should use under which circumstances.

Thankx for any insight.