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If a company's fiscal year aligns with the calendar year, classifying dates into quarters and years for reporting is straightforward. However, if the fiscal year differs, formulas are required to categorize dates into their fiscal periods. To classify dates into calendar periods, the ROUNDUP function can extract the quarter by dividing the month by three and rounding up. The YEAR function easily retrieves the year from the date. While these formulas are useful for direct analysis, if using a pivot table, the pivot table grouping tool can simplify the process, eliminating the need for formulas.