How To Calculate Years In Excel
How To Calculate Years In Excel – Using a combination of Excel functions and date of birth, you can easily calculate age in Excel. You can calculate age up to the current date or between specific times.
The techniques shown here can also be used in other situations such as project duration or service duration calculations.
How To Calculate Years In Excel
Suppose your date of birth is in cell B1 and you want to calculate how many years have passed since that date, here is the formula that will give you the result:
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If you have the current date (or expiration date) in the cell, you can use a reference instead of the TODAY function. For example, if you have the current date in cell B2, you can use the formula:
One of the things you will notice when using this feature is that there is no IntelliSense for this feature. The description will not appear when you use this function.
This means that although you can use this function in Excel, you need to know the syntax and how many arguments this function takes.
If you are interested in learning more about the DATEDIF function, read the contents of the box below. If not, you can skip this and go to the next section.
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You can also use the IEARFRAC function to calculate the age (in years) for a specific time period in Excel.
The IEARFRAC function returns the number of years between two specified dates, and then the INT function returns only the integer part of the value.
It is good practice to use the DATE function to get a date value. This avoids any false results that may occur when entering dates as text or in another format (which is not an acceptable date format).
Now that you know how to calculate years, months, and days, you can add the three together to get a text that says 26 years, 2 months, and 13 days. Here is the formula that will do it:
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Note that the TODAY function is variable and its value will change every day you open the workbook or something changes to it. If you want the result as is, change the result of the formula to a static value. The Fiscal Year Formula in Excel is a simple formula for calculating the fiscal year in an Excel spreadsheet. In addition, knowing how to calculate a date-to-fiscal year allows you to analyze data by fiscal year.
In the example above, A2 contains the date, the fiscal year formula is B2, and the date is 7 April 2021. The results should be:
For an extra little professional touch, you can add the correct function to the second year in the formula so that only the last 2 digits of the year are displayed.
After entering the formula, you can fill it automatically. Now you have something to add to the pivot table and see how much money you made during the last fiscal year.
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The above formula works if your company’s fiscal year begins on April 1. However, the financial year in the UK starts on April 6.
The way this formula works is very similar to the second fiscal year formula, but we use the DATE function instead of MONTH to calculate the fiscal year. Basically, if the date in cell A2 is less than April 5 of the current year, we are in the previous fiscal year. By the way, we are in the next fiscal year.
Here’s how the formula looks in Excel. I put the formulas on separate lines for readability. (Alt+Enter)
Once you’ve completed your crazy budget for the fiscal year starting April 6, you’ll need to enter it into your fiscal monthly budget. We can use many methods. One is to divide the year into 13 periods of 28 days each. By way of explanation, these 13 periods would be equal to 28 days each, the last period being known as a “year” or year 2 in the case of a leap year. (I think I’ll cover this in another tutorial). Alternatively, you can use the following calculation:
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Extracts the short name of the month from the date. So, for example, if the date in cell A2 was 04/03/2021, the formula would return April.
This is a logical situation. This condition checks if the month “A2” is currently 4 or less and if the day is less than 6. So this condition basically checks that the date is before 6th April of any year. If so, that date will be counted as the last financial year. If not (after April 6), the date will be considered part of the following fiscal year. This can be seen from the real part.
So in the formula above, the date will return (2020/21) if the date was 3 April 2021. This is because April 3 is before the new tax year of April 6. Therefore, it has been included in the calculation of the previous financial year.
This will mean that the date 7 April 2021 will be displayed (2021/22) as 7 April is after the cut-off date for the new tax year. When you’re done, you should have a sheet or table that looks something like this:
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I hope you are with me until now. Also, hopefully you can see that we have created something that we can use in a pivot table. So let’s create a pivot table from the sales amount.
Almost there! However, as you can see, the order is incorrect. On top you have repeated April 3 times. This is why I have three years of statistics for April.
There is no definitive way to solve this problem. I have done many methods. One is to create another column for year so that you can distribute the data in the pivot table below.
Now the data you see is from April 6th to April 5th. You can double check the numbers by selecting them in the original data.
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In the image above you can see that I have selected sales between April 1 and April 5, 2021. These sales consist of one sale on April 3 and 2 sales on April 5. If you look at the status bar below, you can see that these sales total 1464.
Now, looking at the pivot table, created earlier, you can see that the amount for that year is the same. It should be noted that there is no sale from April 6 to April 30, 2020, this issue will be addressed in the next section.
There is one more small obstacle. Note that when the month of April is displayed in the year grouping level, there is no way to know whether April is from 6th to 30th or 1st to 5th, so some modification to the formula is required.
The bold part that is added checks that the date is in a year before April 6. In the same way we check the year, we use the AND(), DAI() function to see if the month is equal to 4 and the day is less than 6. If so, then we have the text. (April 1 – 5).
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Now you can see the difficulty of working with different dates. Historically, there are many calendars that have been used to divide time. The above is not the final answer to the question of calculating the financial tax year in Excel. However, we hope that the above solution gives you an idea of how you can create your own Excel formula. I mean, if you want to know and want to know how many days there are in a year, the answer is:
In the formula above, the date is in cell A2. The formula uses the MONTH function to get the month number from the first date. Then the CHOOSE function will count the list of numbers and return that number as the result. For example, if today’s date is April 7, MONTH is 4. Then, the CHOOSE function will count from the first number to the fourth number, which is 1, as shown below.
Finally, we add or append the letter FK to the beginning of the function. As a result, you can see financial Ktr.
Now that you’ve created the fiscal year formula, you can add color to the pivot table.
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Financial Ktr Drag the date below and remove the years and “Hey Presto!”. You now have a pivot table with the fiscal year, quarter, and month displayed in the correct order.
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There’s another problem that needs to be addressed, and that’s if you remove the fiscal quarter, you’ll see that the monthly order goes up in January and back down in December. We can use custom list to overcome this problem.
Then go to File – Options. Select Advanced on the left and then
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