Financial Dates

Hi Jess,

Thank you for the forum question.

Thank you for the nice feedback.

On the course we worked with a fixed date table created in Excel. On the DAX course we create a dynamic date table by DAX. This is a more efficient way of working with Power BI date tables.



Here’s how you can incorporate a financial year that runs from May to April in Power BI:

Create a Date Table:
Go to the “Modeling” tab in Power BI Desktop.
Select “New Table” and enter the following DAX formula to create a date table that spans your desired date range:
DateTable = CALENDAR(DATE(2023, 5, 1), DATE(2024, 4, 30))

Add Fiscal Year Columns:
Add columns to your date table to define the fiscal year, fiscal quarter, and fiscal month. Here are some example DAX formulas:
FiscalYear = IF(MONTH([Date]) >= 5, YEAR([Date]), YEAR([Date]) - 1)
FiscalMonth = IF(MONTH([Date]) >= 5, MONTH([Date]) - 4, MONTH([Date]) + 8)
FiscalQuarter = "Q" & ROUNDUP(FiscalMonth / 3, 0)

Sort the Fiscal Months:
Ensure that the fiscal months are sorted correctly by creating a custom column for sorting:
FiscalMonthSort = MONTH([Date]) + IF(MONTH([Date]) >= 5, -4, 8)

Use the Date Table in Your Reports:
Link your date table to your data model and use the fiscal year columns in your visuals and calculations.
Create Time Intelligence Measures:
Utilize the fiscal year columns to create time intelligence measures, such as year-to-date or quarter-to-date calculations.
By following these steps, you can align your financial reporting with your May to April fiscal year in Power BI.


Kind regards

Jens Bonde
Microsoft Office Specialist Trainer

Tel: 0207 987 3777
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