^
Login

Frequently Asked Questions

Authors
Category   Billing   Employee   Employee Profile   Employee Settings   EOFY   Fingerprint Scanners   General   Glossary   Groups   HR   Jobs   Leave   Mobile App   Notification Config   Payroll   Payroll Rules   Reports   Roster   Security   Settings   Skills Matrix   STP   Superannuation   Timesheet   VEVO   Xero

What is a Financial Year?

Author Samantha Haigh@Microkeeper
Category Glossary
Last Modified 01/07/2024

A financial year is a 12 month time period that is used for tax purposes. 

For Australian Business' and Employees thhis starts on on 1 July and ends on 30 June.

This is also the span of time that all Payments have to fall into to be included in a year.

EG: A Payment made after the 1st of July will be included in the following Financial Year. 

M