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How do date calculations work?

Preclose GO! strives to make working your transaction as easy as possible! One way you can save time is by leverage date calculations in your templates AND within a transaction. 

Counting days on the calendar to determine a deadline can be a hassle and error-prone. With date calculations, you can enter a rule and it will automatically calculate the deadline for you.

Rules can be based on:

  • # of days
  • calendar vs business days
  • automatically excludes holidays
  • automatically move forward to the following business day if the date lands on a weekend or holiday

Using Date Rules with a Template

When creating your template, use the "Use Date Rule" option in blue, and the window to set up your date calculation rule will appear. 

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Next, enter the date rule and add to your template. Screen Shot 2020-12-10 at 4.32.17 PM

It will display on your template, and next time you "Apply a Template" to your transaction you'll be able to leverage the power of date calculations!

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Using Date Rules within an individual transaction

You are also able to apply a date rule within a transaction as well. This works well if you have not applied a date rule and need to calculate it quickly for one-off dates in a transaction. (If you find yourself adding date rules to many dates, you need to add them to your template to save time.)

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From here, select the # of business or calendar days before or after a certain set date (example: ratification date). You can select these specifics based your contract. GO! will then automatically calculate your new date!


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You may also choose from 3 different date options depending on how your contract calculates dates: 

  • Business Day
  • Calendar Day
  • Safe Calendar (if a date lands on the weekend or holiday it moves it to the following business day)

If you have any questions don't hesitate to reach out to support@preclose.com