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Default ID number as per Year

Hi there,
I m keeping inventory record in excel sheet using my Item ID like this -
200600001 and so on by entering formula==IF(B50,A4+1,""). Presently 258
items i have entered in this finacial year and las ID number is 200600258.

But is there any way that for whole financial year 2006-07 it works in this
manner 200600001 and son and as just as next financial 2007-08 comes and what
product inventory falls in this new year it automatically starts from
200700001 and so on.

I hope for best simple formula.
 
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