How To Add Fiscal Year In Power Bi

To add a fiscal year in Power BI, you can follow these steps:

1. Ensure your dataset has a column with the relevant date or timestamp.
2. In the “Modeling” tab, click on “New Measure” under the “Calculations” section.
3. In the “Formula” bar, you can use the following DAX formula to create a fiscal year measure:
   
Fiscal Year = IF(MONTH('TableName'[DateColumn]) < 7, YEAR('TableName'[DateColumn]) - 1, YEAR('TableName'[DateColumn]))

   Replace ‘TableName’ with the actual name of your table and ‘DateColumn’ with the name of your date column.
4. Click on “OK” to create the measure.
5. Navigate to your report or any visual where you want to display the fiscal year.
6. Drag and drop the “Fiscal Year” measure onto the relevant visual or axis.
7. You can further enhance the visual by formatting the fiscal year measure as desired, such as changing its data type to “Whole Number” or applying any necessary aggregation functions.

Example:

Let’s say you have a table named “Sales” with a column called “OrderDate” that contains the date of each order. You can follow the steps above and create a fiscal year measure using the following formula:

Fiscal Year = IF(MONTH('Sales'[OrderDate]) < 7, YEAR('Sales'[OrderDate]) - 1, YEAR('Sales'[OrderDate]))


Once you have the “Fiscal Year” measure, you can use it in various visuals and analysis to view and analyze data based on fiscal years instead of calendar years.