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year-to-date net income

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A company’s net income from the start of the current accounting year until a specified date. For example, the year-to-date net income at May 31, 2024 for a calendar year company is the net income from January 1, 2024 until May 31, 2024. For a company with a fiscal year beginning on July 1, 2023 the year-to-date net income at May 31, 2024 is the net income for the 11-month period from July 1, 2023 through May 31, 2024.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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