1. Calculate days in a single budget month
| Category | Month | Start Date | End Date |
| Groceries | January | 1/1/2024 | 1/31/2024 |
=DAYS360(DATE(2024,1,1), DATE(2024,1,31))
Result: 30
In a 360-day year convention, each month is assigned exactly 30 days regardless of actual calendar length. From January 1 to January 31, the 360-day calculation yields 30 days, representing one complete month in this financial system used primarily for bond and mortgage calculations.
2. Calculate days spanning multiple budget periods
| Category | Budget Period | Start Date | End Date |
| Utilities | Jan through mid-Feb | 1/1/2024 | 2/15/2024 |
=DAYS360(DATE(2024,1,1), DATE(2024,2,15))
Result: 44
Spanning January 1 to February 15 represents one complete month (30 days) in the 360-day system plus 14 additional days in February, totaling 44 days. This differs from DAYS() which would return 46 actual calendar days, highlighting why DAYS360 is specific to financial instruments.
3. Compare US and European 360-day calculation methods
| Category | Comparison | Start Date | End Date | US Method | European Method |
| Entertainment | Month-end variance | 1/15/2024 | 1/31/2024 | FALSE | TRUE |
=DAYS360(DATE(2024,1,15), DATE(2024,1,31), FALSE) vs =DAYS360(DATE(2024,1,15), DATE(2024,1,31), TRUE)
Result: 16 (US) vs 15 (European)
The US method (FALSE) counts January 31 as the actual day 31, producing a 16-day difference from the 15th. The European method (TRUE) treats any 31st as day 30 for calculation purposes, reducing the difference to 15 days. This distinction only affects calculations when dates fall on the 31st.