DAX Formulas for Fiscal Year, Fiscal Quarter and Month Short Name

[joanperez]

1. First Step

Create 2 new column on your DATA report:

1. Month = MONTH(Table[Date])

2. Year = YEAR(Table[Date])

2. Fiscal Year

Creat a new column for Fiscal Year:

Fiscal Year = IF(AND([Year] =2012,[Month]<=12),"FY13",

IF(AND([Year] =2013,[Month]<=6),"FY13",

IF(AND([Year] =2013,[Month]<=12),"FY14",        

IF(AND([Year] =2014,[Month]<=6),"FY14",

IF(AND([Year] =2014,[Month]<=12),"FY15",

IF(AND([Year] =2015,[Month]<=6),"FY15",

IF(AND([Year] =2015,[Month]<=12),"FY16",

IF(AND([Year] =2016,[Month]<=6),"FY16",

IF(AND([Year] =2016,[Month]<=12),"FY17",

IF(AND([Year] =2017,[Month]<=6),"FY17",

IF(AND([Year] =2017,[Month]<=12),"FY18",

" ")))))))))))

3.  Fiscal Quarter

FiscalQrt=IF(([MonthOfYear]>=1 && [MonthOfYear]<4),"FQ3",

IF(([MonthOfYear]>=4 && [MonthOfYear]<7),"FQ4",

IF(([MonthOfYear]>=7 && [MonthOfYear]<10),"FQ1","FQ2")))

4. Month Short Name

MonthShortName=IF([Month]=1,"1-Jan",

IF([Month]=2,"2-Feb",

IF([Month]=3,"3-Mar",

IF([Month]=4,"4-Apr",

IF([Month]=5,"5-May",

IF([Month]=6,"6-Jun",

IF([Month]=7,"7-Jul",

IF([Month]=8,"8-Aug",

IF([Month]=9,"9-Sep",

IF([Month]=10,"10-Oct",

IF([Month]=11,"11-Nov","12-Dec")))))))))))

[clowery]

Have you got a way to help when the start of the fiscal period (aka "Month") varies due to being 28 day cycle (Except the year before a leap year it is 5 weeks instead of 4 for period 13)?  For example, Period 1 this year is Jan29-Feb25, but last year was Jan30-Feb26.  And sometimes the begin of a new period is in the middle of a month like period 8 is Aug13  -Sep9.  I am really struggling with it and then with the leap year scenarios as well.  

[JohnSalt]

Could try calculating the day number of the year Solved: Day number of year - Microsoft Power BI Community

Then dividing by 28, round up this figure and this should give period. 

To deal with the leap year you could replace the divide by 28 with something to calculate days in the month two months ahead e.g. IF(DAY ( EOMONTH ( [Date], 2) )=29,29,28).

So if I am understanding the question correctly then something along these lines might be what youre after:

FY Monthly Period =

Var Period = ROUNDDOWN(

(DATEDIFF ( DATE ( YEAR ( DateTable[DATE] ), 1, 1 ), DateTable[DATE], DAY ) +1)

/ IF(DAY ( EOMONTH ( DateTable[DATE], 2) )=29,29,28),

0)-1

Return If (Period=0,13,Period)

[vibhash]

Hi I dont have date collumn,

I had just these two collums

1. Ship year = 2018,2019,2020,2021...

2. Ship quarter = 1,2,3,4

and I want to calculate/create fiscal year as 2018-2019

quarter 2,3,4 from 2018 & quarter 1 from 2019

does anybody know dax query for this..

[amolberad]

Create Fiscal Month From April

Fiscal_MM =

var temp =if(Dim_Date[FMM]>=4,Dim_Date[FMM]-3,Dim_Date[FMM]+9)

return

temp

Key for sorting date as per fiscal year in Ascending order

Sort_by_Fiscal =

CONCATENATE(Dim_Date[Year],

SWITCH([Fiscal_MM],

1, "01", 2, "02", 3, "03", 4, "04"  

               , 5, "05", 6, "06", 7, "07", 8, "08"  

               , 9, "09", 10, "10", 11, "11", 12, "12"  

               )  )

[lloydwilson]

Here's the approach I took to display the financial year and quarter for the Australian financial year, which runs from 1 July - 30 June, in a single column.

Fin Year and Qtr = "FY" & IF(MONTH(table[Date])<=6,YEAR(table[Date]),YEAR(table[Date])+1) & "-Q" & SWITCH(MONTH(table[Date]),7,"1",8,"1",9,"1",10,"2",11,"2",12,"2",1,"3",2,"3",3,"3",4,"4",5,"4",6,"4")

Just update "table[Date]" with the date field from your table and it will display as FY2023-Q1, FY2023-Q2, etc.

[clowery]

How would you go about A fiscal calendar that strecthes across months - we have one that seems to be week based.  It is 13 periods.  Each is 4 weeks except the occasional period 13 with 5 weeks, but I can't see a pattern for when it is 5 weeks.  It starts in either the first week of Feb or 2nd week of February

[Bulldog]

Hi All,
I have worked out the solution to get the Financial Year, Qty and Month without having to create the individual month columns.

In this example, my next financial year starts on the 1st October so October 2021 is the start of FY22.

For the financial year, look for the [date], MONTH and if this is equal to or larger than our first financial month (10 Oct), we take the YEAR of the date and add 1, else we use the YEAR of the date:

FinYear = if(MONTH(Table[Date])>=10,YEAR(Table[Date])+1,YEAR(Table[Date]))

In the linear calendar Oct would be the fourth quarter, so to calculate the financial year quarter, look for the [date], QUARTER and if this is equal to or larger than 4, we take the QUARTER of the date and minus 3, else we use the QUARTER of the date and add 1:

FinQtr = if(QUARTER(Table[Date])>=4,QUARTER(Table[Date])-3,QUARTER(Table[Date])+1)

For number of the month in the financial year, look for the [date], MONTH and if this is equal to or larger than our first financial month (10 Oct), we take the MONTH of the date and minus 9, else we use the MONTH of the date and add 3:

FinMonth = if(MONTH(Table[Date])>=10,MONTH(Table[Date])-9,MONTH(Table[Date])+3)

[apayzeps]

Hi,  Can you help me get this right please 😂. 

When I use the above if(, , ) I get Token "then" expected error.  When I use the following, I get the following

 A cyclic reference was encountered during evaluation

if(Date.Month(#"Product List"[SWG Date])>=10)

then Date.Year(#"Product List"[SWG Date])+1

else Date.Year(#"Product List"[SWG Date])

[JohnSalt]

Hi, you dont need to wrap the if statement in brackets when using power query, dax uses if (,,) whereas power query uses if then else.

if Date.Month(#"Product List"[SWG Date])>=10

then Date.Year(#"Product List"[SWG Date])+1

else Date.Year(#"Product List"[SWG Date])

Are you applying this to a new column or trying to replace the [SWG Date] values?  This might be where your cyclical reference is coming from.

[kileyohl]

EXACTLY the wheel I didn't want to recreate... 🙂 THANKS!! Knew this had been solved before now! LOL

[wanwong]

Hi,

If my Fiscal Year starts on June, what will be the DAX formula for FinQtr?

[Bulldog]

June is in the Second quarter, so look for the [date], QUARTER and if this is equal to or larger than 2, we take the QUARTER of the date and minus 1, else we use the QUARTER of the date and add 1:

FinQtr = if(QUARTER(Table[Date])>=2,QUARTER(Table[Date])-1,QUARTER(Table[Date])+1)

[JohnSalt]

I have been using a generated calendar using a similar formula to create financial year, quarter and month and put a leading 0 on the month to help with the sort order, and then just join my date field to that, this is for a UK financial year.

Dates =

GENERATE (

CALENDAR (min(MainTable[DateCol]), max(MainTable[DateCol])),

VAR currentDay = [Date]

VAR day = DAY(currentDay)

VAR month = MONTH (currentDay)

VAR quarter = QUARTER(currentDay)

VAR year = YEAR (currentDay)

VAR FinMonth = if (len(if(month<4,month+9,month-3))=1,"0"&if(month<4,month+9,month-3),if(month<4,month+9,month-3))

VAR FinQuarter = if(quarter=1,4,quarter-1)

VAR FinYear = if(month<4,year-1,year)

RETURN ROW (

"day", day,

"month", month,

"quarter", quarter,

"year", year,

"Fin Month", "M " & FinMonth,

"Fin Quarter", "Q " & FinQuarter,

"Fin Year", FinYear )

)

[lionelv]

The simpliest way to do that (ex: create a column with "2021-2022", etc.) is to substracting 3 months to the main Date (which means starting the year in April). For exemple, for any date:

FiscalYear=year(DATEADD('Table'[Date], -3, MONTH))&"-"&year(DATEADD('Table'[Date], -3, MONTH))+1

[Anonymous]

Hello, 

I've tried to use the following section to create a Fiscal Year column:

Fiscal Year = 

IF(AND([Year] =2017,[Month]>3),"FY17/18",

IF(AND([Year] =2018,[Month]<4),"FY17/18",

IF(AND([Year] =2018,[Month]>3),"FY18/19",

IF(AND([Year] =2019,[Month]<4),"FY18/19",

IF(AND([Year] =2019,[Month]>3),"FY19/20",

IF(AND([Year] =2020,[Month]<4),"FY19/20"," ")))))))

I've tried to do this via creating a custom column and as a measure. Neither is working. 

The error when creating a custom column is "Token RightParen Expected". However I have all the right parenthesies I need'; adding or subtracting them makes no difference to the error. 

The error in a measure relates to Month and Year not being recognised. 

Is anyone able to help me?

My aim is to end up with a silcer that has three check boxes in it. The first filters to FY17/18, the next to FY18/19, the third to FY19/20.

If anyone can help me I'd really appreciate it. Thanks

[MarkPalmberg]

This is a must-have reference for date column variations.

[Anonymous]

My Fiscal year runs from April 1 to March 31.  I found this message very useful in solving my needs.  Here is what I did

Step 1.

Create 2 columns, Month and Year  (for my purposes I used a column called Received Date so my columns are titled the same

1.  Received MONTH = tblAssessments[ReceivedDate].[MonthNo]

2.  Received YEAR = tblAssessments[ReceivedDate].[Year]

Step 2. 

Create a Fiscal Year Column without having to have YEAR be a calculation of the IF statement

- (Note: Concatenate is limited 2 items in Power BI, I would have preferred to add a "/" between the years

Fiscal Year = IF(tblAssessments[Received MONTH]>=4,CONCATENATE(tblAssessments[Received YEAR],tblAssessments[Received YEAR]+1),CONCATENATE(tblAssessments[Received YEAR]-1,tblAssessments[Received YEAR]))

example: This code would allow April 2011 to December 2011 to be considered in the fiscal year 2011/2012 and January 2012 to March 2012 to be considered in the fiscal year 2011/2012 

[KristinS]

This thread was immenselty helpful.  Thank you!

[achinchillab]

1. First Step

    Create 2 new column on your DATA report:

        1. Month = MONTH(Table[Date])

        2. Year = YEAR(Table[Date])

2. Fiscal Year

CreatE a new column for Fiscal Year:

FY = IF(AND('Table'[Month Sort]>=4,'Table'[Month]<=12),'Table'[Year]+1,'Table'[Year])

Hope this helps.  It works for any year...

[achinchillab]

1. First Step

Create 2 new column on your DATA report:

   1. Month = MONTH(Table[Date])

   2. Year = YEAR(Table[Date])

2. Fiscal Year

   Create a new column for Fiscal Year:

   FY = IF(AND('Calendar'[Month Sort]>=4,'Calendar'[Month Sort]<=12),'Calendar'[Year]+1,'Calendar'[Year])

Hope this helps...