Business finance terms, explained simply.

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Glossary terms starting with Y

Year End Tax Estimate

A year-end tax estimate projects the tax owed for the year using actual results to date and projected results for the rest of the year.

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Year-End Close

The year-end close is the process of finalizing the books for the fiscal year so the financial statements are complete and the new year starts clean.

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Year-end closing

Year-end closing is the process of finalizing your financial records for the fiscal year.

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Year-over-Year (YoY) Growth

Year-over-year growth compares a metric (typically revenue or profit) against the same period in the prior year, eliminating seasonal variations that affect month-to-month comparisons.

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