In a Saved Search, how can you display the transaction date as month and year?

To display the transaction date as month and year in a Saved Search, utilizing the month function on the Result field is the appropriate approach. This function allows you to extract the month portion from the date and format it accordingly. When you apply the month function, you can show results specifically reflecting the month as well as adjusting and displaying the year, often by combining it with additional formatting or functions.

The other methods listed have limitations in this context. Changing the results date format preference would affect how all date fields are displayed but would not provide the specific customization required for displaying just the month and year from the transaction date. Creating a Formula Field using a SQL date formatting function could technically achieve a similar outcome, but the question directs toward a more straightforward approach available directly within the Saved Search functionalities. Lastly, altering the date format in User Preferences would change display settings for the user's interface, but it would not produce a month and year representation for that specific Saved Search output. Therefore, the most effective and relevant solution in this scenario is the application of the month function on the Result field to achieve the desired formatting.