Year-to-Date (YTD)
Definition
Results from the start of the fiscal year through today, used to track progress against annual goals.
Want a deeper explanation?
YTD numbers are what your CPA uses for tax planning and what lenders ask for between annual statements.
They are only meaningful against a plan or last year's YTD. Watch for: YTD profit used for tax planning before month-end adjustments, which can lead to under- or overpaying estimates.
Example
By the end of September, YTD net sales are $1.9M against a full-year budget of $2.8M, with Q4, your biggest quarter, still ahead.