Calculate Fiscal Year Date

anillinda

New Member
Joined
Apr 20, 2012
Messages
48
I have a cell a1 with date say "07/31/2016", I need to populate cell b2 with a date that can calculate fiscal year, when the fiscal year is not same as calendar year.
The fiscal year runs from 08/1/20xx to 07/31/20xx+1,
For example:
for date 07/15/2016 the fiscal year should end on 07/31/2016
for date 08/1/2015 the fiscal year end date should be 07/31/2016
for date 05/12/2015 the fiscal year should end on 07/31/2015
for date 08/15/2015 the fiscal year should end on 07/31/2016.

What formula can I use when the date in cell a1 can be different for each cell?
 

Excel Facts

What does custom number format of ;;; mean?
Three semi-colons will hide the value in the cell. Although most people use white font instead.
For a date in cell A1, the formula would look like:
Code:
=DATE(IF(MONTH(A1)>7,YEAR(A1)+1,YEAR(A1)),7,31)
 
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