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You often ask questions such as: when was a product purchased, how long will a task in a project take, or what is the average revenue for a fiscal quarter?
Entering dates correctly is essential to ensuring accurate results.
For background information, see Date systems in Excel.
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Excel stores dates as sequential numbers that are called serial values.1,462 days is equal to four years and one day (which includes one leap day).Important: To ensure that year values are interpreted as you intended, type year values as four digits (for example, 2001, not 01).By entering four-digit years, Excel won't interpret the century for you.By default, as you enter dates in a workbook, the dates are formatted to display two-digit years.