Boost Your Accounting Know-How with These Terms
Outsmart your accountant and other financial friends with these accounting-related definitions:
Fiscal Year
Most companies report their results on a calendar year, from January 1 through December 31. A fiscal year is a range of a year that a company may use for accounting and tax purposes. For example, Intuit’s fiscal year runs from August 1 to July 31. A nonprofit commonly runs from July 1 to June 30.
The word fiscal alone refers to government or public revenues and expenditures. The fiscal Read more [...]