Updating recurring renewal date (1st of a month annually)

Topic Labels: Automations Formulas
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4 - Data Explorer
4 - Data Explorer

When a person joins our company I record their actual start date. However, their annual contract renewal date always starts the 1st day of the following month.

I want to be able to record their start date and then have a column showing their next annual renewal date (the first of whatever the following month is) that updates as years go on.

Example) Someone starts on 11/15/2023. I want the renewal column to show 12/1/2024.  Once the present date is past 12/1/2024, I would want that to automatically update to 12/1/2025.

1 Reply 1
11 - Venus
11 - Venus

This formula always displays the first day of the month following a certain date.

    DATEADD({Date}, 1, "month"),