Formula To Convert Date To Financial Year In MS Excel (07-Feb-1987 = FY 1986-87)

Today one of my friend asked me, the Formula to converts Date into Financial Year in MS Excel. I thought it is better to explain the same in my blog for the interest of other visitors.

Financial Year is 12 Months period which usually the Company follows according to their Accounting Policy. Here, I am going to explain you the Formula for the Financial Year which starts from the 1st Day of April Month and ends on 31st Day of March Month in the Following Year.

For Example, the Financial Year of 04 February, 2012 is 2011-12

Formula :

=IF(MONTH(A1)>3,"FY "&YEAR(A1)&"-"&RIGHT(YEAR(A1)+1,2),"FY "&YEAR(A1)-1&"-"&RIGHT(YEAR(A1),2))

Functions used in the Formula?

Where To Start To Learn MS Excel Logical Functions?

   There are 6 Logical Functions in MS Excel. 'IF' is the commonly and widely used Logical Function among all.

We mostly use remaining 5 logical functions along with the other functions combinely or shelden independently.