In real estate and accounting, a Fiscal Year is a twelve month period used for financial reporting, budgeting, and tax purposes that does not necessarily coincide with the calendar year. It is established by a business or organization based on operational or administrative needs.
Fiscal years are commonly used by real estate companies, investors, and government entities to track income, expenses, and performance. The use of a fiscal year allows for consistent financial analysis even when business cycles do not align with the January through December calendar year.
