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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.