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Showing posts with label Excel Formula to get the Financial Year. Show all posts
Showing posts with label Excel Formula to get the Financial Year. Show all posts

Monday, February 4, 2008

How to get the Financial Year from a given Date ?

First of all, why do we require this thing ?

Let me clarify it. While importing Vouchers from Excel to Tally, we require a field which contains unique values. Normally, there is such a field (Invoice Number for Sales) which contains unique values. However, Invoice numbers are unique for a given year and the number restarts from 1 every year. This would create problems as the next year vouchers will overwrite the current year vouchers. Hence, we need to generate a unique value which is a combination of the "Invoice Number" and the "Financial Year".

Here's the Excel formula to get the FINANCIAL-YEAR from a given Date.

FORMULA
=IF(AND(MONTH($A#)>=4,MONTH($A#)<=12),
YEAR($A#) & "-" & YEAR($A#)+1,YEAR($A#)-1 & "-" &YEAR($A#))

Example
DATE           FINANCIAL YEAR
2007-04-01 2007-08
2008-04-01 2008-09
Remarks:-
1) To test the above formula, substitute the A# with the Excel-sheet Cell-reference (say A1).
2) To use this formula in UDI-Magic XML tags, you need to replace the special characters with their ESCAPE SEQUENCES.