Fiscal Year Ending (FYE) is a term used in business to refer to the twelve-month period that a company’s financial records are based on. Companies may choose to have their fiscal year end on any day of the year, regardless of when the calendar year ends. The FYE is an important marker for businesses as it helps to provide insight into the financial performance of the company over time. FYE also serves as the basis for budgeting, forecasting, strategy formulation and decision-making. At its core, it’s an effective way to measure progress and plan for the future.