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Australian Financial Year

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    Australian Financial Year

    The Australian financial year is 1 July-30 June, inclusive.

    Random starting dates (dd/mm/yyyy) are entered in A1 and the following formula returns the number of days already used in the f/Y.

    =IF(MONTH(A1)<7,A1-DATE(YEAR(A1)-1,6,30),A1-DATE(YEAR(A1),6,30))

    1. What formula returns the number of unused days (leap year inclusive)?
    2. What formula returns the finishing date (30 June yyyy)?

    mgs
    Last edited by mgs; 10-27-2013 at 08:22 PM.

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    Forum Expert Crooza's Avatar
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    Re: Australian Financial Year

    Try this for the first part
    =IF(MONTH(A1)<7,DATE(YEAR(A1),6,30)-A1,DATE(YEAR(A1)+1,6,30)-A1)

    not sure what you're asking in the second question.

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    Forum Expert daddylonglegs's Avatar
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    Re: Australian Financial Year

    For days elapsed in current financial year you can use this version

    =A1-DATE(YEAR(A1+184)-1,6,30)

    for days remaining (not including A1) use this

    =DATE(YEAR(A1+184),6,30)-A1

    and for end date of the year you can use this version

    =DATE(YEAR(A1+184),6,30)
    Audere est facere

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    Re: Australian Financial Year

    Quote Originally Posted by Crooza View Post
    Try this for the first part
    =IF(MONTH(A1)<7,DATE(YEAR(A1),6,30)-A1,DATE(YEAR(A1)+1,6,30)-A1)

    not sure what you're asking in the second question.
    That formula works well, thanks Crooza.

    I guess what I mean by the second question, is that I need to put a formula (in any cell) that will display the f/y end date:

    1. With the “30 June” constant.
    2. And replace the yyyy variable with the appropriate year, by getting its cue from A1.

    I know I can do it manually, but I want to minimise the keystrokes, and remove the potential for making mistakes.

    Thanks,
    mgs

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    Re: Australian Financial Year

    Quote Originally Posted by daddylonglegs View Post
    For days elapsed in current financial year you can use this version

    =A1-DATE(YEAR(A1+184)-1,6,30)

    for days remaining (not including A1) use this

    =DATE(YEAR(A1+184),6,30)-A1

    and for end date of the year you can use this version

    =DATE(YEAR(A1+184),6,30)
    Thanks daddylonglegs, that's exactly what I wanted.

    Cheers,
    mgs

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