I need to check if a document is new (ISNEW()) in a formula field.
This is the formula if( YEAR( TODAY())= VALUE(Year__c),"True","False")
The issue is that I do not see ISNEW() as an option. How to get the formula to detect if the document is new? Do I need to do a WF and field update to another field and include it in the formula or is there a better way?