Fiscal Year And Calendar Year

Fiscal Year And Calendar Year. The fiscal year and the calendar year are two distinct ways of measuring time, each with its own purpose and characteristics: In contrast, the latter begins on the first of january and ends every year on the.

A calendar year, obviously, runs from january 1 to december 31, just like the calendar on your wall. Should your accounting period be aligned with the regular calendar year, or should you define your own start and end dates?