End of the Fiscal Year: Time To Take Stock of Accounts Receivable!
National Service Bureau
OCTOBER 1, 2015
October 1 is the start of a new fiscal year for a large number of organizations - particularly those with a high percentage of their work coming from government contracts. The US government’s fiscal year runs from 01 October to 30 September and therefore a lot of businesses run their accounting on a similar schedule. Otherwise, fiscal years will typically coincide with the calendar year (in which case it’s only three months away).
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