The TODAY function returns the current date in Excel and automatically updates each day the file is opened. In this lesson, you’ll learn how to use it to calculate days since last service, estimate equipment age, flag systems that need maintenance, and check whether a unit is still under warranty.
Download the Excel file used in this tutorial:
This is especially useful when working with customer service schedules, maintenance cycles, or expiration tracking
Q1. What does the TODAY function do in Excel?
The TODAY function returns the current date based on your system clock. It updates automatically, which makes it useful for any calculation that depends on the current day.
Q2. Why is the TODAY function useful for business analysis?
It helps turn date fields into actionable information. You can use it to calculate how many days have passed since a service visit, how old equipment is, when a warranty expires, or which customers are due for follow-up.
Q3. How is the TODAY function used in this lesson?
In this video, the TODAY function is used to calculate days since last service, estimate equipment age in years, identify whether a unit requires service, and check if equipment is still under warranty.
Q4. Does the TODAY function update automatically?
Yes. Every time you open the workbook, Excel recalculates the TODAY function based on the current date. That means your date-based metrics stay current without needing manual updates.
Q5. Can I use the TODAY function with IF statements?
Yes. The TODAY function is often combined with IF statements to create alerts such as Service Required, Expired, or Under Warranty, based on how much time has passed since a specific date.
Q6. What kinds of calculations can I build with TODAY?
You can subtract past dates to measure elapsed time, add days to estimate future dates, and combine it with other formulas to track maintenance schedules, warranty periods, renewal timing, and customer follow-up opportunities.