I have a list with a choice field with financial years in the format 2009/2010, 2010/2011 etc. I want the default to be the current financial year, so I chose the calculated default option and used this formula.
IF(MONTH(TODAY())>7, TEXT(YEAR(TODAY()), "####") & "/" & TEXT(YEAR(TODAY())+1, "####"), TEXT(YEAR(TODAY())-1, "####") & "/" & TEXT(YEAR(TODAY()), "####"))
The formula works in Excel, but I get the following error in SharePoint:
The formula contains a syntax error or is not supported.
What am I doing wrong?