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Please explain Fiscal year? and calendar year?
hi
The Internal Revenue Service (IRS) defines a calendar year as 12 consecutive months that begin January 1 and end December 31.
The IRS defines a fiscal year as 12 consecutive months that end on the last day of any month except December or one "that varies from 52 to 53 weeks but does not have to end on the last day of a month."
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The New England Patroits may elect to operate on a fiscal year , beginning March 1 and ending Feb 28. The reason is, come Dec 31, their year us far from over. There are still playoffs, and a super bowl. This all means income and expenses, and it may make a lot more sense to have all the income and expenses from one season placed into one accounting year.
A calender year system may make sense for a lot of companies, but for others, it might not be the best idea. You cannot change, from one to the other, unless there are compelling reasons.
Most governments opertate on a FY ( fiscal year) starting July 1, because it may take several months after 12/31 to receive and account for all the tax money that is due them.
you can try it.
LOAD *,
Day(date) as day,
Month(date) as month,
Year(date) as year,
yearname(date,0,4)as FinancialYear;
hope it helps you.
Hii,
Please See this it may help you.
According to Calendar - year start from 1st Jan & year end on 31st Dec means
Quarter, Month, MonthName
Q1,1,Jan
Q1,2,Feb
Q1,3,Mar
Q2,4,Apr
Q2,5,May
Q2,6,Jun
Q3,7,Jul
Q3,8,Aug
Q3,9,Sep
Q4,10,Oct
Q4,11,Nov
Q4,12,Dec
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But By Fiscal Year it is -
Quarter, Month, MonthName
Q1, 4, Apr
Q1, 5, May
Q1, 6, Jun
Q2, 7, Jul
Q2, 8, Aug
Q2, 9, Sep
Q3, 10, Oct
Q3, 11, Nov
Q3, 12, Dec
Q4, 1, Jan
Q4, 2, Feb
Q4, 3, Mar
hi
this code helps for make fiscal year.
LOAD *,
Day(date) as day,
Month(date) as month,
Year(date) as year,
yearname(date,0,4)as FinancialYear;
for example
fiscal year start from 1 april 2012 to 31 march 2013
and calender year start from 1 jan2012 to 31 dec 2012.
hope it helps you.
Hi,
Fiscal year start from either March to Feb Or July to june.Its depend on company to company.
Code for Fiscal Year:
MasterCalendar:
LOAD
Date(CalendarDate, 'MM/DD/YYYY') AS CalendarDate,
Day(CalendarDate) AS CalendarDayOfMonth,
WeekDay(CalendarDate) AS CalendarDay,
Week(CalendarDate) AS CalendarWeek,
Month(CalendarDate) AS CalendarMonth,
'Q' & Ceil(Month(CalendarDate)/3) AS CalendarQuarter,
Year(CalendarDate) AS CalendarYear,
//Code for fiscal Year
if(num(month(CalendarDate))<=3,Year(CalendarDate)-1&'-'&right(Year(CalendarDate),2),Year(CalendarDate)&'-'&right(year(CalendarDate)+1,2)) as FinancialYear,
if(num(month(CalendarDate))<=3,Year(CalendarDate),year(CalendarDate)+1) as FinancialYear1,
if(num(month(CalendarDate))>=1 and num(month(CalendarDate))<=3,'Q4',
if(num(month(CalendarDate))>=4 and num(month(CalendarDate))<=6,'Q1',
if(num(month(CalendarDate))>=7 and num(month(CalendarDate))<=9,'Q2',
if(num(month(CalendarDate))>=10 and num(month(CalendarDate))<=12,'Q3')))) as FinancialQuarter
Resident TableName;
Regards,
Nirav Bhimani
Hi , This is just what I need! Can you amend the script so the fiscal year runs from Apr-Mar?
Many thanks for your help,
Fiorano
I personally created an XLS (month and day only) that maps each calendar date to a fiscal date (QTR and Year) for our company. It worked well.
Hi Fiorano,
What kind of changes you need? Its working if you put ur date filed in place of calendar.
In the above script (Financial year consider as Apr-Mar)
-Financial Year show the data like 2011-12.
-FinancialYear1, which use for the set analysis purpose which show the fiscal year of 2011-12 as 2012.
Regards,
Nirav Bhimani
Thanks - all fine now!
Nirav,
The second part of your code could be simplified as such
year(CalendarDate) as CalendarYear,
year(YearName(CalendarDate, 1, 7)) as FiscalYear, //if fiscal year starts on July 1
'Q' & ceil(month(MonthName(CalendarDate, 6)) / 3) as FiscalQuarter //move 6 months ahead