FY
stands for financial year and FQ stands for financial quarter. A
financial year (FY) is a one-year period and a financial quarter (FQ) is
a three-month period that an organization uses in budgets and
reports. In Zoho CRM, you will come across these terms while filtering
records in reports. E.g.: I want a report of deals lost in the past
year. I need to set the appropriate criteria and use the Records created in Last FY filter.