In Excel’s date system,dates are serial numbersbeginning on January 1, 1900.

January 1, 1900 is 1, January 2, 1900 is 2, and so on.

More recent dates are much larger numbers.

Formatting a date with Format Cells dialog box

For example, January 1, 1999 is 36161, and January 1, 2010 is 40179.

To display date values in a human-readable date format, apply anumber formatof your choice.

If Excel doesn’t display the date as a serial number it means the date is not correctly recognized.

Formatting a date with Format Cells dialog box

Seethis articlefor more information.

This means the serial date 60 corresponds with the date 29-Feb-1900.

This problem makes certain date calculations in the year 1900 unreliable.

Formatting a date with Format Cells dialog box

Date calculations after the first 60 days are reliable.

Formatting a date with Format Cells dialog box

Formatting a date with Format Cells dialog box