Fiscal year and calendar year is the year period of time use for financial management purposes and it differs only with how it started, calendar year starts with January 1 and ends with December 31, while fiscal year can begin on any date of the year and end on exactly 365th day.
Aidward Alleylean
Calendar Year (CY) – Begins on January 1st and ends on December 31st
Fiscal Year (FY) – Begins on any day of the year and will end on exactly the 365th day of the year.
Diaz Rene
Fiscal Year (FY) – Begin on any day of the year (Except January 1) and will end on exactly the 365th day of the year.
Bobby Quing
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#CalendarYear vs. #FiscalYear
