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In this video tutorial, the presenter demonstrates two methods for finding the last day of the month in Excel using the EOMONTH function. The EOMONTH function requires two arguments: a valid date and a number of months. A positive number indicates a future date, while a negative number indicates a date in the past. The tutorial explains how to use the EOMONTH formula to return the last day of the current month, the next month, and the previous month. For example, to find the last day of August 2020 for a given date in the column, the appropriate formula is provided, illustrating the function's utility in extracting month-end dates in Excel.