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A fiscal year calendar is a financial reporting framework that businesses and organizations use to track and manage their financial activities. It defines the specific period of time, usually 12 months, during which the financial performance of an organization is measured and reported. The fiscal year calendar is distinct from the calendar year, which runs from January 1st to December 31st.
The fiscal year calendar for 2025 begins on October 1st, 2025, and ends on September 30th, 2025. This means that businesses using this fiscal year calendar will close their books and prepare financial statements for the 12-month period from October 1st, 2025, to September 30th, 2025.
A fiscal year calendar is an essential tool for businesses to manage their financial activities and ensure compliance with reporting and tax regulations. By carefully considering the advantages and disadvantages, businesses can choose a fiscal year calendar that best meets their needs and helps them achieve their financial goals.
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