Every business has a fiscal year. A company’s fiscal year is its financial year; it is any twelve-month period that the company uses for accounting purposes. The Internal Revenue Service (IRS) says a fiscal year is “12 consecutive months ending on the last day of any month except December 31st.” The IRS distinguishes “fiscal year” from “tax year,” stating that a tax year can be either fiscal year or the calendar year.
It is no doubt that the end of a fiscal year is considered one of the toughest times for any sales organisation. Whether you’re planning for next year or selling to meet end-of-year numbers, the crucial part of your sales assessment is with surviving your last month’s designated fiscal year goal. However, today, you can conquer this sales dilemma in your business. In this infographic, we will discuss different ways on how you can maneuver your sales number into a successful fiscal year, and not worry with your year-end results from your sales.