Business finance: The ultimate guide for non-finance people
BMT Office Administration
JUNE 26, 2023
A fiscal year simply represents the 12-month period that a business uses for its accounting, taxes, and budgeting purposes. The catch is that a business’s fiscal year does not have to line up with the traditional calendar year. If you have to pay back the loan for more than a year, it’s a long-term liability.
Let's personalize your content