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Formula to determine Financial Year based on a date column

Determine the financial year based on a date column

Surface Date      Financial Year
30/06/2017      2016/2017
1/07/2017      2017/2018

The financial year goes from July 1 to June 30.
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byundt
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=IF(MONTH(A2)>6,YEAR(A2) & "/" & (YEAR(A2)+1),(YEAR(A2)-1) & "/" & YEAR(A2))

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The above formula assumes that cell A2 contains a date and not text that looks like a date. A real date will change appearance when you change the cell format. Text displayed as a date will not.

The formula will also work if the dates in question are text--provided that your computer is set up to use Day/Month/Year format for dates.
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byundt
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ASKER

Oh wow.  I had spent a few hours trying to work out a solution.  Actually I'm in New Zealand and we are all isolated in our homes so your response is most appreciated.  When every thing gets back to 'normal' my boss will be impressed.  Thank you so much.
An even shorter formula

=YEAR(A2 + 184) - 1 & "/" & YEAR(A2 + 184)

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