A fiscal year, or financial year, is a period of twelve months used for calculating the annual financial statements of an organization. Generally, it starts on the first day of a month and ends on the last day of that same month – usually December. For example, if your company begins its fiscal year on January 1, 2020, then its Fiscal Year End would be December 31, 2020. Knowing your Fiscal Year End helps you stay organized throughout the year and plan your budgeting strategy accordingly. Understanding your Fiscal Year End can help you make sure expenses are kept in check and income is properly reported. So stay on top of your business finances and be clear when it comes to understanding your Fiscal Year End!