Clear the confusion between Calendar Year and Fiscal Year. Learn their key differences in purpose, usage, and time period.

Ask someone to define a year and they’ll probably say January 1 to December 31. That’s correct of course—but it’s not the only correct definition. January to December represents a calendar year: the ...

Every situation is different, and sometimes a company will choose a fiscal year that does not align with the calendar year based on seasonal sales trends. Many retailers, for instance, will end their ...

A fiscal year, or FY, is a company’s annual accounting period used for financial reporting. A fiscal year can be either 12 consecutive months ending on the last day of a month other than December or a ...

The US government's fiscal year ends on September 30 of the year following the calendar year it begins in. For example, the 2024 fiscal year began on October 1, 2023, ending on September 30, 2024. The ...

House Majority Whip Tom Emmer (R-Minn.) on Thursday floated changing the structure of the federal government’s fiscal calendar by moving the end-of-year Sept. 30 deadline to prevent the cycle of ...