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The text explains how to classify dates into quarters and years for reporting purposes in Excel. If your fiscal year aligns with the calendar year, it's straightforward. However, if they differ, formulas are necessary. Using the roundup function, the quarter can be extracted by dividing the month by three and rounding up. The year can be extracted using the year function. These formulas are useful for classifying dates into calendar periods. If using a pivot table for analysis, the grouping tool can be used instead of these formulas.