Learn or Find Bookkeeping, Payroll, Accounting, QuickBooks, or Tax Terms
Select a letter below or enter a term or keyword.
Fiscal year
A fiscal year, for income tax purposes, is a period of 12 months, ending on the last day of a month other than December, or the special 52-53-week period. It is thus distinguished from a calendar year, which always ends on December 31. It is a recognized accounting period for income tax purposes.