Glossary › Fiscal Year
Fiscal Year
The 12-month period a business uses for accounting and tax. In Australia: 1 July to 30 June.
A fiscal (financial) year is the 12-month cycle used for reporting and tax. Australia's runs 1 July to 30 June; other countries use the calendar year or their own dates.
Year-over-year comparisons, tax lodgements, and most reports are framed by the fiscal year, so configuring the right start date in your accounting settings matters.
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