The start of the financial year depends on the country or jurisdiction. In most countries, the financial year starts on January 1 and ends on December 31. However, in some countries, such as the United Kingdom, the financial year starts on April 6 and ends on April 5 of the following year.
In the United States, the federal government’s fiscal year starts on October 1 and ends on September 30 of the following year. However, many businesses and individuals in the US use the calendar year (January 1 to December 31) as their financial year.
It’s important to note that different companies and organizations may have different fiscal years based on their business needs and practices.
