Business finance: The ultimate guide for non-finance people
BMT Office Administration
JUNE 26, 2023
That trend continued in 2021, with only 34% of small businesses applying for bank loans. A fiscal year simply represents the 12-month period that a business uses for its accounting, taxes, and budgeting purposes. Why is that? The catch is that a business’s fiscal year does not have to line up with the traditional calendar year.
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