Define: Year End

UK Accounting Glossary

Definition: Year End


Quick Summary of Year End


Year end is the end of a business’s accounting year. It’s short for ‘accounting year end’.



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Full Definition of Year End


The end of the financial year.
During this period, the accountant calculates how much tax a business owes to the government. Bookkeepers need to ensure that reconciliations are completed, transaction entries are correctly coded, supporting paperwork is readily available, and that sales taxes and PAYE taxes have been processed.


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Examples of Year End in a sentence


As of year end, net assets were valued at £2.4 million.



Cite Term


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https://payrollheaven.com/define/year-end/
Modern Language Association (MLA):
Year End. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/year-end/.
Chicago Manual of Style (CMS):
Year End. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/year-end/ (accessed: February 28, 2020).
American Psychological Association (APA):
Year End. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/year-end/

Definition Sources


Definitions for Year End are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.