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’.



What is the dictionary definition of Year End?

Dictionary Definition



Advertisement



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.


Advertisement



Examples of Year End in a sentence


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


Year End FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/year-end/
Modern Language Association (MLA):
Year End. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 16, 2019 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: September 16, 2019).
American Psychological Association (APA):
Year End. PayrollHeaven.com. Retrieved September 16, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/year-end/

Definition Sources


Definitions for Year End are sourced/syndicated from:


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