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

[cbaldock]

Hi,

This formula isn't working for me. When I try creating the column it asks for me to add a third requirement for the IF function. If I try adding one it then returns the error of too many requirements. Can you help me at all? 

Error: "Argument '3' in IF function is required." 

[kcantor]

It appears that you are, in fact, missing an argument. It should be If then, and else. You have all of the ifs and thens but you are missing an else. Put a ,0 before you begin the parenthesis at the end and see if that works for you.

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", 0 )))))))))))

[Sean]

For that many conditions SWITCH statements are so much easier to read and write

Internally they are transformed into nested IFs

EDIT: No need for all the opening "(" and closing ")" that comes along with the nested IFs

MonthShortName =
SWITCH (
    TRUE (),
    [Month] = 1, "1-Jan",
    [Month] = 2, "2-Feb",
    [Month] = 3, "3-Mar",
    [Month] = 4, "4-Apr",
    [Month] = 5, "5-May",
    [Month] = 6, "6-Jun",
    [Month] = 7, "7-Jul",
    [Month] = 8, "8-Aug",
    [Month] = 9, "9-Sep",
    [Month] = 10, "10-Oct",
    [Month] = 11, "11-Nov",
    "12-Dec"
)

[joanperez]

Solution for calculate the “Fiscal Year”, without date ranges condition (dynamic solution).

Scenario:

The formula for calculate the Fiscal Year for the “X” company is from July 1st to June 30th of the next year.

Example:

• From July 1, 2015 to June 30, 2016 the fiscal year is “FY16”
• From July 1, 2016 to June 30, 2017 the fiscal year is “FY17”

Expression

Fiscal Year =

IF ‘Date’ Month <= 6,

THEN ‘Year’

ELSE ‘Year’ + 1

DAX Expression
Note: The expected Output is “The phrase FY plus the last 2 digits of the Fiscal Year”

DAX Formula:

Fiscal Year =
  CONCATENATE("FY",
                IF(MONTH('Table'[Date]) <=6,
                       VALUE(FORMAT('Table'[Date],"YY")),
                       VALUE(FORMAT('Table'[Date],"YY")) +1
                     )
                                )

Table = Table Name

Date = Date Column Name

[cbaldock]

This works but the display isn't showing the "0" for years '00 to '09. Can you help me out? Thanks. 

[tBronX33]

I needed to bring back transactions that are in the current fiscal year.  Here is what I did:

1.  Created a column called Fiscal Year:

Fiscal Year =
IF(Month(PROJEMPLTRANS[TRANSDATE]) < 11, Value(FORMAT(PROJEMPLTRANS[TRANSDATE], "YYYY")), VALUE(FORMAT(PROJEMPLTRANS[TRANSDATE], "YYYY")) +1)

2.  Created a column called Year:

Year = Year(PROJEMPLTRANS[TRANSDATE])

3.  Created a column called "IsCurrentFiscalYear"

IsCurrentFiscalYear = If((Year(NOW()) = PROJEMPLTRANS[Fiscal Year]) || (Year(NOW()) = PROJEMPLTRANS[Year] - 1),1,0)

Now in my report I simply filtered by the value 1 on the IsCurrentFiscalYear column.

Thanks,

Tom - Stoneridge Software

[tBronX33]

I needed to bring back transactions that are in the current fiscal year.  Here is what I did:

1.  Created a column called Fiscal Year:

Fiscal Year =
IF(Month(PROJEMPLTRANS[TRANSDATE]) < 11, Value(FORMAT(PROJEMPLTRANS[TRANSDATE], "YYYY")), VALUE(FORMAT(PROJEMPLTRANS[TRANSDATE], "YYYY")) +1)

2.  Created a column called Year:

Year = Year(PROJEMPLTRANS[TRANSDATE])

3.  Created a column called "IsCurrentFiscalYear"

IsCurrentFiscalYear = If((Year(NOW()) = PROJEMPLTRANS[Fiscal Year]) || (Year(NOW()) = PROJEMPLTRANS[Year] - 1),1,0)

Now in my report I simply filtered by the value 1 on the IsCurrentFiscalYear column.

Thanks,

Tom - Stoneridge Software

[sbstern]

This is really helpful, thanks. We have a July-June fiscal year, so I had to adjust the "IsCurrentFiscalYear" column to:

IsCurrentFiscalYear = if((year(Now())='Date'[FiscalYear]-1 || year(now())+1='Date'[FiscalYear]),1,0)

[nsiddall]

For those of you looking to create a relative Quarter Offset - I used this:

Relative Quarter Offset = (4*YEAR([Date]) + ROUNDDOWN(MONTH([Date])/3,1) - (4*YEAR(TODAY()) + ROUNDDOWN(MONTH(TODAY())/3,1)))

Where 'Date' came from my Dim Date table...

This means the current quarter returns a zero - the last quarter returns - 1 etc etc... works a treat!

(Quarters based on Jan > Mar, Apr > June, Jul > Sept & Oct > Dec)