Forum Discussion
Fiscal Year Calculated Columns
With due respect to Treb, the proposed solution by offsetting the week number will work well for year 2016. When you hit the year 2017 with 19/06/2017 as the start of new fiscal year the formula for week number will fail.
trebgatte correct me if I am wrong.
The solution proposed by me is a generic one and will work for any year and also any starting fiscal year date.
Attaching the screen shot for your reference.
So really, it's just an offset. So you can define a custom Fiscal Week Number column where the condition is as follows.
if [Week Number] > 25 then [Week Number] - 25 else [Week Number] + 27
This should calculate your week number correctly, though the exact date will change from year to year.
For the pay period, you could use the IsOdd or IsEven condition get every other week.
Hope this helps.
Treb Gatte, Business Solutions MVP | @tgatte | Blog | CIO Magazine Blog
Hi Treb - this works great! I used this command:
FiscalWeekNumber = IF([Week Number]>25,[Week Number]-25,[Week Number]+27)
I'm not quite sure what the syntax for the Pay Period would be, using the IsOdd or IsEven. Can you post an example?
Thanks,
Pete
With due respect to Treb, the proposed solution by offsetting the week number will work well for year 2016. When you hit the year 2017 with 19/06/2017 as the start of new fiscal year the formula for week number will fail.
trebgatte correct me if I am wrong.
The solution proposed by me is a generic one and will work for any year and also any starting fiscal year date.
Attaching the screen shot for your reference.
Anonymous, true the date would change, though I was shooting for consistency with the specific week of the year. Fiscal calendars are typically week/quarter specific, where the beginning of week 25 happens to be 6/19 this year. The approach I took was simply to offset the week number so that Fiscal week one is now calendar week 25.
Make sense?
Treb Gatte | Business Solutions MVP | Coffee Break Business Intelligence Videos
CheenUSing - thanks very much for your suggestion!
Treb - you are correct - each financial year doesn't start on June 19th. I just need the week numbers to line up from 1-52 each year.
On another note, any idea what formula would work for the 2-week time periods?
Thanks - Pete