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How to convert an annual salary to monthly in Excel and Google Sheets
Topic:Finance basicsExcel & Google Sheets
=A2/12✓
Verified example
Computed by a real spreadsheet engine on the sample data below.
| Annual Salary | Monthly Gross |
| 60000 | |
| 85000 | |
| 120000 | |
| 45000 |
=A2/12→5000
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Step by step
- 1Enter annual salaries in column A.
- 2For monthly pay: =A2/12 in B2.
- 3For semi-monthly (24 pay periods): =A2/24.
- 4For bi-weekly (26 pay periods): =A2/26.
- 5Format the result column as Currency.
Tips
- For bi-weekly payroll, use 26 — not 24. Bi-weekly means every two weeks (26 times/year); semi-monthly means twice a month (24 times/year).
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Frequently asked
How do I calculate the daily rate from annual salary?
Divide by working days: =A2/260 for a 5-day week with no holidays, or use =A2/NETWORKDAYS(DATE(YEAR(TODAY()),1,1),DATE(YEAR(TODAY()),12,31)) for the actual count.
How do I convert monthly to annual?
Simply multiply by 12: =A2*12.
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