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A fiscal year (FY) is a 52- or 53-week (or, alternatively, a 12-month) period that companies and governments use for taxing or accounting purposes. Fiscal years are most commonly used by...
A Fiscal Year (FY), also known as a budget year, is a period of time used by the government and businesses for accounting purposes to formulate annual financial statements and reports. A fiscal year consists of 12 months or 52 weeks and might not end on December 31.
In the United States, the federal government's fiscal year is the 12-month period beginning 1 October and ending 30 September the following year. The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September.
In general, a “fiscal year” refers to a 12-month period used for accounting purposes. A fiscal year is identified by the year in which the fiscal year ends. For example, the fiscal year starting July 1, 2020 and ending June 30, 2021 is referred to as “FY21.”
In the United States, the government’s fiscal year begins on October 1, meaning that Q1 in the government’s fiscal year is October 1 to December 31, Q2 is January 1 to March 31, and so on. A few countries choose other dates for their fiscal years.
A fiscal year is a 12-month span that encapsulates a financial reporting and budgeting period. Companies use a fiscal year to mark the start and end of their revenue and earnings for a set timeframe, which can then be used for reporting, analysis, comparisons, and more.
A calendar year for individuals and many companies is used as the fiscal year, or the one-year period on which their payable taxes are calculated. Some companies choose to report their taxes...