Accounting terms
Dictionary of all accounting terms
What is a Fiscal Year?
A fiscal year is a period of time that a company and the government use for financial accounting and for preparation of financial statements.
1 Fiscal year has 12 consecutive months.
Key Note - A fiscal year may not always be the same as a calendar year!
The term "fiscal year" is typically used when discussing the annual budget of the business, and when assessing the financial performance of a company.
Did you know?
InvoiceBerry's online invoicing software can help you create and send your invoices in under 60 seconds?There are many plans to choose from, even a plan that's absolutely free, forever. Try it out today.