Ever wondered when companies and governments start crunching numbers for a new year? Its not always January 1st! The concept of a fiscal year can seem a bit mysterious, but it’s simply an accounting period. Its a 12-month period that organizations use for budgeting, financial reporting, and taxes.
Understanding fiscal years is super helpful, especially if you’re following a company’s performance or keeping up with government spending. So, lets dive into the specifics of when fiscal year 2025 actually kicks off. Prepare to demystify this financial calendar!