What does YTD mean in Accounting?
This page is about the meanings of the acronym/abbreviation/shorthand YTD in the Business field in general and in the Accounting terminology in particular.
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What does YTD mean?
- Year-to-date is a period, starting from the beginning of the current year, and continuing up to the present day. The year usually starts on January 1, but depending on purpose, can start also on July 1, April 1, and April 6. Year-to-date is used in many contexts, mainly for recording results of an activity in the time between a date and the beginning of either the calendar or fiscal year. In the context of finance, YTD is often provided in financial statements detailing the performance of a business entity. Providing current YTD results, as well as YTD results for one or more past years as of the same date, allows owners, managers, investors, and other stakeholders to compare the company's current performance to that of past periods. Employees' income tax may be based on total earnings in the tax year to date. YTD describes the return so far this year. For example: the year to date return for the stock is 8%. This means from January 1 of the current year to date, stock has appreciated by 8%. Another example: the year to date rental income of a property is $1000.00 as of June 30, 2008. This means that the property brought in $1000.00 of rental income during the period April 1 through June 30, 2008.