Financial Year Dynamic Filtering In Power BI Reports

Financial Year Dynamic Filtering In Power BI Reports

No comments

In this tutorial, I’ll discuss how to display information based on financial year within Power BI reports. However, this particular analysis is a bit complex. This is because it has different customers and each of them has a different financial year. You may watch the full video of this tutorial at the bottom of this blog.

I have made up an example where I can select different customers. When I select different customers here, they all have a different financial year. Some of them might be between March 2020 to February 2021 or July 2020 to June 2021.

I can’t just utilize the Financial year column in the Date table to filter them by financial year (fiscal year). So, by clicking through our customers, we need to dynamically show the fiscal year for that particular customer.

customers with different financial year

In this example, I slimmed down the Date table. So, this displays data by day instead of by month and year.

Analyzing The Data Model

Now, let’s have a look at the data model where I need to solve this particular scenario. This contains customers (Customer_List), dates (Dates) and our customer data (Raw_Data).

financial year data model

In this example, the Raw_Data table has a Date, Customer ID, and Amount columns.

The Customer_List table is where I can set up a parameter that shows the starting month of the customer’s financial year. This table contains Customer ID, Customers, and the FY Start Month columns.

customer list table

The FY Start Month column is where I can put a number as a metric of when the financial year started in a particular month. Hence, Google is in March, Microsoft is in June, and Salesforce is in September.

metric of when the financial year started in a particular month

This might look like I have to do something complex such as creating multiple date tables or multiple financial year columns in one date table. But I’m going to use a formula with a simple setup.

Filtering A Specific Financial Year

The key thing to note here is that instead of doing anything in the Dates table, I created a new table called Financial Years.

financial years table

I created this table because I need to capture a value based on a selection here.

financial year filtering

The Financial Years table is quite simple as it only has the Fiscal Year and the Fin Yr column. I consider this as the supporting table.

financial year table

I’m going to use some of the selections or metrics that are within this table in a formula to create a dynamic calculation.

Keep in mind that the Fiscal Year slicer here is coming from the table that I created (Financial Years). It has no relationship to the data model.

fiscal year slicer

By default, the Total Amount by Date visualization is displaying everything.

On the other hand, the Amounts by FY by Date displays the results based on the selections from the slicers. In this example, it only displays the financial year 2020 (FY20) for Microsoft.

financial year analysis

So, how can I achieve that dynamic financial year calculation result in the Amounts by FY by Date visualization?

Dynamic Financial Year Filtering

In order to display a dynamic financial year result, I created some calculations where I can dynamically find the Start Date and End Date when having selections via the Customers and Fiscal Year slicers.

Customer and financial year slicers

If I can find that, then I can dynamically blank out all the dates that are outside of that start and end date

Bear in mind that if you can blank something out, then it’s not going to appear in your visualization.

This particular formula is one of the techniques on how to do that calculation.

financial year end date calculation

Before I proceed with the step by step discussion of the formula, I’ll duplicate the Total Amount by Date visualization first and display it as a table. I also added the Amounts by FY table here so I can easily show you what I’m trying to do.

Then, I’ll sort the Date column here and set it to “Show items with no data”.

If I scroll down in this table, you’ll see that the first data point in this particular month for Microsoft’s financial year is on June 7, 2020.

Now, I’ll change the selection in the Customers slicer to Salesforce.

You’ll then see that the dates have changed. Noticeably, the FY Start Date is now September 1, which is the start date of the financial year for Salesforce in this particular example.

So, how did I create that Start date and End date calculations? 

Start Date Measure

Let’s now analyze the start date (FY Start Date) measure.

financial year start date

In this formula, I’m trying to find the inputs for the start date. I used the DATE function to get the year (FiscalYearSelected) and the start month (FinancialStartMonth).

financial year start date

When I’m selecting a customer, I have a column which has the financial year start month (FY Start Month column) under the Customer_List table. Basically, I’m just capturing that information here.

Remember that in the supporting table (Financial Years table) I created, I had a column which returns the actual year (Fin Yr column). So, I can just select an option from the Fiscal Year slicer.

Then, I can easily capture that year’s value here.

After that, I’ll input the FinancialStartMonth and FiscalYearSelected within the DATE function here. 

I know that the start date is going to be the first day of the month. So, I can just put 1 here.

And that returns the start date of the selected financial year.

End Date Measure

Now, let’s take a look at the FY End Date measure.

As you can see, it’s similar with the FY Start Date measure. The only difference is that I used  FiscalYearSelected + 1 in the formula. With this, if the selected financial year (FiscalYearSelected) is 2020, then the year for the FY End Date will be 2021.

Here, you’ll notice that this isn’t actually the first date of the next financial year. In the actual calculation, this should be August 31, 2021.

In the formula, we can also use the relational operator which is less than (<). If we use less than (<), it’s always going to be one day less than the fiscal end date. And that is fine because the result is going to be the actual last date.

In this particular example, since the fiscal year end date is September 1, 2021 and we use less than (<), the actual last date will be the 31st of August.

Amount By Financial Year Measure

Let’s then analyze the next formula which is the Amount by FY measure.

amount by financial year measure

This is also quite similar with the previous two formulas. However, instead of breaking down those set of formulas, I’ve put them into this single formula using variables.

This is the most important part of the formula.

Take note that in this particular example, the first data point or the start date of the Salesforce for financial year 2020 is September 4, 2020.

Basically, this part of the formula indicates that if the MIN date (September 4, 2020 for this example) is greater than or equal to the StartDate (September 1, 2020), and it’s also less than the EndDate (September 1, 2021), then it will display the Total Amount. If not, then it will be blank.

This section calculates the Total Amount that will be displayed under the FY End Date of this model.

Then, the Total Amount is filtered here using the FILTER function. Therefore, it’s just displaying the Total Amount with the date that are within the range of the StartDate and EndDate.

With this logic, it enables me to dynamically display the amount by financial years here as I select options from the Customers and Fiscal Year slicers.

Conclusion

This tutorial covered some interesting techniques on how to dynamically display different financial years within Power BI reports. The example actually came from a real scenario that a customer of ours has experienced.

The given example is of a more complex nature. But you can always solve it with Power BI.

There’s nothing you can’t do in Power BI from an analytical perspective.

You just need to understand the importance of using variables, setting up your data model correctly, using supporting tables, and then working out a logic that enables you to create a dynamic calculation and visualization. 

Check out the links below for more examples and related content.

All the best,

Sam

Membership Banne

***** Related Links *****
Power BI Financial Year To Date Calculations
How To Create Unique Financial Year Quarters Using A Calculated Column
Sorting Dates By Financial Year In Power BI

***** Related Course Modules *****
Financial Reporting w/ Power BI
Time Intelligence Calculations
Data Visualization Tips

***** Related Support Forum Posts *****
Count Total Number Of Resources By Financial Year
Multi Day Analysis Not Working
Multiple Financial Years For Different Companies
For more financial year support queries to review see here….

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.