Why do companies use fiscal year instead of the calendar year?

Question

Why do companies use fiscal year instead of the calendar year?

In: Other

Answer 1

There are plenty of differences for fiscal/financial years. UK starts 1 April, Australia is 1 July, Thailand is 1 January for individuals and 1 October for companies.

In Taiwan a company can apply to change theirs as well.

[https://en.m.wikipedia.org/wiki/Fiscal_year#Chart_of_various_fiscal_years](https://en.m.wikipedia.org/wiki/Fiscal_year#Chart_of_various_fiscal_years)