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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 [...]