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Define what a fiscal year is. Is it the same as a calendar year? What are...

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Accounting

Define what a fiscal year is. Is it the same as a calendar year?What are the steps in QuickBooks for closing a fiscal year? Includeat least one online source with your response.

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Fiscal year A fiscal year is a period used by business corporates organisations etc in order to calculate their budgets profits and losses ie for accounting purpose and for preparation of financial statements US Fiscal year as defined by US Federal Government starting    See Answer
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Define what a fiscal year is. Is it the same as a calendar year?What are the steps in QuickBooks for closing a fiscal year? Includeat least one online source with your response.

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