Cyran on 14 January 2021
| Shadow1980 said: I have never understood why fiscal years don't align with calendar years. I mean, why start it on April 1 or July 1? What's the point? |
It has a lot to do with the seasonal nature of that particular business and when the majority of there income come in. The end of your fiscal year affects when you are required to pay taxes.
For example
It also affects when they report information to stock holders etc.
