endofyear

End of year, often written as end-of-year or year-end, refers to the conclusion of a year in the Gregorian calendar, typically December 31, and to the period surrounding it during which calendars, budgets, and operations are closed or summarized. In finance and accounting, year-end denotes the closing of a fiscal year or calendar year for reporting purposes, including the preparation of financial statements, audits, and tax filings. Some organizations use a different fiscal year-end, such as March 31, in which case year-end refers to that date.

End-of-year activities commonly include inventory counts, the financial close, budget planning for the next year, and performance reviews, as well as the publication of annual reports. The year-end period is also associated with holidays and celebrations in many cultures, such as Christmas and New Year’s Eve, which can influence business operations and consumer activity.

The term is used across sectors to indicate the final period of a cycle, for example year-end sales, year-end bonuses, and year-end reviews. In data and statistics, year-end data refers to the latest complete year’s figures. Some organizations align payroll, tax withholding, and regulatory reporting to year-end schedules. Overall, the concept of end of year serves as a marker for closure, assessment, and planning across personal, commercial, and public domains.