What is a quarter in accounting?

A quarter is a three-month period on a company's financial calendar that acts as a basis for periodic financial reports and the paying of dividends. A quarter refers to one-fourth of a year and is typically expressed as Q1 for the first quarter, etc., and can be expressed with the year, such as Q1 2022 (or Q1'22).

What is the abbreviation for quarter?

Qr. The abbreviation QTR is probably the more common of the two. The abbreviations for quarter are not often found in written prose. You may see, however, in business records or school records that represents a time that is one fourth of the year or the school year. Company financial statements commonly use an abbreviated form of the word.

What is the proper abbreviation for Q2 2019?

Strategies across the entirety of the year are broken into quarters – first, second, third and fourth. A common question we receive from our readers is regarding the proper abbreviation to express quarter and year (i.e. Q2 2019), as there are many options – Q2, Second Quarter, IIQ, 2nd qtr, etc.).