A financial or fiscal year-end is the last day of a 12-month accounting period, which can be found in corporate registration documents, tax filings, or company reports (e.g., Form 10-K for public companies). Common year-ends are December 31, March 31, June 30, or September 30.
You pick your financial year-end when you register your company with CIPC. Most businesses choose 28 February (to line up with the SARS tax year), but you can choose any date that makes sense for your business operations.
Calendar year – 12 consecutive months beginning January 1 and ending December 31. Fiscal year – 12 consecutive months ending on the last day of any month except December. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month.
For most, the date will be one year after the last day of the month in which the company is registered. In your first year of trading, your reporting period will begin on the day of incorporation and run up to your designated ARD, so it will usually be slightly more than 12 months.
Both FY24 (no space) and FY 24 (with a space) are used for Fiscal Year 2024, with FY24 being common for saving space (charts, web) and FY 24 often used after spelling it out first or in formal contexts, though style guides vary, with some preferring the acronym as a block like FY24 or even FY2024, but generally, the year the fiscal period ends is used, so it covers parts of 2023 and 2024.
As of January 2026, most entities are in Fiscal Year 2026 (FY26), having moved from FY25 (July 2024-June 2025 or Oct 2024-Sept 2025) into the new fiscal year, with the US Federal Government's FY25 ending September 30, 2025, and their FY26 starting October 1, 2025.
In India, the government's financial year runs from 1 April to 31 March the following year. The financial year from 1 April 2025 to 31 March 2026 would generally be abbreviated as FY 2025–26 or( FY25-26) ( FY2025/26),(FY2025/2026),(FY25/26), but it may also be called FY 2026 or FY26 on the basis of the ending year.
A Financial Year (FY) is the 12-month period between 1 April and 31 March – the accounting year in which you earn an income.
The current Assessment Year is 2024-25. It follows the Financial Year 2023-24, during which income was earned and is now being assessed for taxation in the Assessment Year. What is the assessment year for financial year 2024-25? The financial year is 2024-25, and the assessment year is 2025-26.
A company's Financial Year End (FYE) is the closing date of its 12-month accounting period. It does not have to be December 31st; a company can determine its own FYE at the point of incorporation.
In India, the fiscal year (FY) runs from April 1 to March 31 of the following year. It is the period used for calculating annual income, preparing financial statements, and filing income tax returns. Companies, government entities, and individuals follow this period for accounting and taxation purposes.
What is EOFY? The end of the financial year (EOFY) refers to the end of the accounting period, which runs from 1 July to 30 June each year. It's a crucial period for businesses as they have to meet their financial reporting obligations.
To convert a date to its financial year end date you can use the following formula, assuming the date is in cell A1. The (MONTH(A1)>6) part returns TRUE when the month number of the date is above 6. In Excel TRUE = 1, hence 1 is added to the year of the date.
In its first year your company's financial year runs from the date on which the company was incorporated, until the end of the same month the following year – what's known as the Accounting Reference Date or 'Year End'.
YTD Dynamic Calculation
To find quartiles (Q1, Q2, Q3) in Excel, use the QUARTILE.INC() (inclusive) or QUARTILE.EXC() (exclusive) functions, like =QUARTILE.INC(data_range, 1) for Q1, =QUARTILE.INC(data_range, 2) for Q2 (median), and =QUARTILE.INC(data_range, 3) for Q3, replacing data_range with your cells (e.g., A1:A20) and the last number with 1, 2, or 3, respectively. Q4 isn't a standard quartile but would be the maximum value (use MAX() or QUARTILE.INC(range, 4) for the largest data point).
The traditional calendar quarters that make up the year are:
Dates for Q1: January 1 – March 31. Dates for Q2: April 1 – June 3. Dates for Q3: July 1 – September 30. Dates for Q4: October 1 – December 31.
According to the Chinese Zodiac, the year 2025 is the year of the snake. This animal has long been regarded in Japan as an auspicious being that brings about good fortune and fertility.
Fiscal years are named using the year when the period ends. For example, the US federal government fiscal year starts on October 1, 2024 and ends on September 30, 2025, this is referred to as FY25. Read more on how you can get prepared for the end of fiscal year.
For example, a company's Fiscal Year 2025 (often abbreviated as FY2025 or FY25) may run from Feb. 1, 2025, to Jan. 31, 2026.