What Is Year to Date (YTD)?
Year to date (YTD) refers to the period of time opening the first day of the present calendar year or fiscal year up to the current date. YTD data is useful for examining business tendencies over time or equaling performance data to contestants or peers in the same industry. The abbreviation often modifies concepts such as investment returns, earnings and net pay.
How Year to Date (YTD) Is Used
If someone uses YTD in position to a calendar year, they mean the period of time amid January 1 of the current year and the current date. If they practice YTD in reference to a fiscal year, they mean the age of time between the first day of the fiscal year in question and the current date.
A fiscal year is a period of time long-lasting one year but not necessarily beginning on January 1. It is used by administrations, companies and other establishments for bookkeeping and exterior audit dedications. For example, the federal government observes its fiscal year from October 1 to September 30,1 and Microsoft’s fiscal year is from July 1 to June 30.2 It is common for public organizations to have a fiscal year of July 1 to June 30.