Financial year end

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September 12, 2016 at 8:04 pm #340153
firelion28
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HI John

If the end of financial year is 1st September, what is the starting of the period date? I am confused with it. like i know if closing is 31st december, then starting is 1st Jan

Thanks a lot
September 12, 2016 at 8:37 pm #340193
John Moffat
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If the financial year ends on 1 September (which would be very odd – more likely it ends on 31 August (the end of the month), then it starts 12 months earlier i.e on 1 September of the previous year.
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