Remove Analysis Remove Budget Remove Payroll Remove Purchasing
article thumbnail

Business finance: The ultimate guide for non-finance people

BMT Office Administration

A fiscal year simply represents the 12-month period that a business uses for its accounting, taxes, and budgeting purposes. Balance sheets are invaluable for conducting financial analysis and making key financial decisions at a business. If the repayment period is less than 12 months, it’s considered a short-term liability.

Finance 105