A quarter is a 3 month time span on an organization's fiscal schedule that goes about as a basis for intermittent fiscal summaries and the giving out of the dividends.
A quarter alludes to one-fourth of a year and is commonly termed as "Q1” for the first quarter, “Q2” for the second quarter, and so on.
For instance, a quarter regularly appears with its respective year, as in Q1 2020, which implies the first quarter of 2020.
Most of the fiscal reporting and dividend payments are carried out on a quarter to quarter basis.
Not all organizations will have financial quarters that compare to calendar quarters and it is normal for an organization to close their final quarter after their busiest season.
Profit dividends are likewise frequently paid on a quarterly premise in spite of the fact that organizations outside the U.S. may do so unevenly.
Organizations have two principle bookkeeping periods the financial quarter and the financial year. The financial year for most organizations in India runs from April 1 to March 31.
The standard schedule quarters that make up the year are as per the following:
April, May, and June (Q1)
July, August, and September (Q2)
October, November, and December (Q3)
January, February, and March (Q4)
A few organizations have financial years that follow different dates, like January 1 to December 1.