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Showing posts with the label Excel Formula to get the Financial Year

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#) 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 i...