Accounting
Financial year
The twelve-month period for which profit or loss is measured and annual taxes are settled.
It often matches the calendar year, but not always. Its start date determines the entity's deadline calendar.
An example
A company using the calendar year closes on 31 December.
The typical mistake
Assuming it always runs from January to December. If yours does not, the entire calendar shifts.
How it appears in AndCompta
The financial year is configured for each entity because not every company closes on 31 December. Deadlines are calculated from the entity's actual year rather than a generic date.
Where we explain it in depth
Related terms
This definition is general information, not tax or accounting advice. For your specific case, consult a professional and always check the official source.