Excel Formula: Get Fiscal Quarter From Date
Generally, the fiscal quarter starts in a month other than January for most companies. In this case, how can you get the fiscal quarter based on the given date in Excel?
|CHOOSE(MONTH(date),1,1,1,2,2,2,3,3,3,4,4,4) (fiscal quarter start from Jan)|
|CHOOSE(MONTH(date),4,4,4,1,1,1,2,2,2,3,3,3) (fiscal quarter start from Apr)|
|CHOOSE(MONTH(date),3,3,3,4,4,4,1,1,1,2,2,2) (fiscal quarter start from Jul)|
|CHOOSE(MONTH(date),2,2,2,3,3,3,4,4,4,1,1,1) (fiscal quarter start from Oct)|
Syntaxt and Arguments
|Date: the date used to get the fiscal quarter.|
The formula returns to a numeric value from 1 to 4.
How this formula works
As we known, the fiscal quarter starts from April. To get the fiscal quarters base on the dates in B3: B5, please use below formula:
Press Enter key and then drag fill handle down C5.
MONTH function: returns the month as number based on the date.
CHOOSE function: returns a value from the list of value argument by the given index numbers.
As there are 12 months in a year, and 4 quarters in a year, the formula lists 12 numbers which indicate 4 fiscal quarters. You can change the order of the numbers based on which month your fiscal quarter starts.
You also can use the INDEX function to solve this job
Press Shift + Ctrl + Enter keys.
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