Cactus1993:

Try this

=A1-(A1-DATE(YEAR(A1),1,1))

Matt


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Although this formula works, it may not be the most efficient:

=A1-(A1-DATE(YEAR(A1),1,1))
is the same as:
=A1-A1+DATE(YEAR(A1),1,1))
or
=DATE(YEAR(A1),1,1)



Flintstone wrote:

Cactus1993:

Try this

=A1-(A1-DATE(YEAR(A1),1,1))

Matt

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Dave Peterson

Thanks again ... I appreciate the help.


Dave Peterson wrote:
Although this formula works, it may not be the most efficient:

=A1-(A1-DATE(YEAR(A1),1,1))
is the same as:
=A1-A1+DATE(YEAR(A1),1,1))
or
=DATE(YEAR(A1),1,1)



Flintstone wrote:

Cactus1993:

Try this

=A1-(A1-DATE(YEAR(A1),1,1))

Matt

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Dave Peterson

If we take efficiency to the extremes; any formula solution will recalculate
on every new cell entry in the workbook, while this job has to be done only
once a year. I'd put a small macro solution in the workbook_open event to
check which year it is and hardcode that proper new year date into the cell,
unless it's a very lightweight workbook that is.

Best wishes Harald

"Dave Peterson" skrev i melding
...
Although this formula works, it may not be the most efficient:

Or even just type the date in on January 1st each year.

Harald Staff wrote:

If we take efficiency to the extremes; any formula solution will recalculate
on every new cell entry in the workbook, while this job has to be done only
once a year. I'd put a small macro solution in the workbook_open event to
check which year it is and hardcode that proper new year date into the cell,
unless it's a very lightweight workbook that is.

Best wishes Harald

"Dave Peterson" skrev i melding
...
Although this formula works, it may not be the most efficient:

--

Dave Peterson

I wanted to fully automate a financial analysis workbook with several
tabs to calculate YTD returns, YTD % returns, and other YTD
calculations -- using the difference between the current date and the
first day of that current year, as a denominator. Full automation is
the reason I needed this formula. (Didn't want you to think I was just
being lazy. :-))


Dave Peterson wrote:
Or even just type the date in on January 1st each year.

Harald Staff wrote:

If we take efficiency to the extremes; any formula solution will recalculate
on every new cell entry in the workbook, while this job has to be done only
once a year. I'd put a small macro solution in the workbook_open event to
check which year it is and hardcode that proper new year date into the cell,
unless it's a very lightweight workbook that is.

Best wishes Harald

"Dave Peterson" skrev i melding
...
Although this formula works, it may not be the most efficient:

--

Dave Peterson