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4-4-5 Fiscal Calendar

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4-5-4 Fiscal Year ^{(available upon request)}

The 4-5-4 fiscal calendar is a specialized accounting and retail industry calendar that divides the year into 4 quarters of 13 weeks each, structured as follows:

4 weeks in the first month
5 weeks in the second month
4 weeks in the third month

Quarter	Month 1	Month 2	Month 3	Total Weeks
Q1	4 weeks	5 weeks	4 weeks	13 weeks
Q2	4 weeks	5 weeks	4 weeks	13 weeks
Q3	4 weeks	5 weeks	4 weeks	13 weeks
Q4	4 weeks	5 weeks	4 weeks	13 weeks
Total Weeks in year				52 weeks

Since there are 52 weeks in a year, this structure creates consistency in financial reporting by aligning months with the same number of weeks across years. However, every 5-6 years, an extra week (53^rd week) is added to keep the calendar aligned with actual dates.

Key Features & Benefits

✅ Commonly used in retail and manufacturing industries
✅ Ensures comparable week-to-week and year-to-year sales data
✅ Helps in inventory and payroll planning

Who Uses It?

Retailers
Manufacturers
Grocery Stores
Restaurants

To configure fiscal year based on the 4-5-4 calendar:

As a System administrator, navigate to Settings > Global Settings.
In the Organizational Settings section, find the Calendar setting and click Edit
In the Calendar window, click Calendar settings.
In the Calendar settings window, enter a name for the fiscal year.
Select the Fiscal Year checkbox and then select the 4-5-4 option from the drop-down list.
From the Show year as drop-down list, select the desired option to define whether the fiscal year (as it appears in grouping and views) is based on the year in which it begins or ends.
Select the Restated checkbox if you wish to add a 53^rd week to the end of a fiscal year.
The 4-5-4 calendar divides the year into months based on a 4 weeks – 5 weeks – 4 weeks format. Due to the layout of the 4-5-4 calendar (52 weeks x 7 days = 364 days), there is one unaccounted day each year. As a result, a 53^rd week is added every 5 or 6 years.
If you select the checkbox, the system will automatically add the 53^rd week to the end of the appropriate year.
Click Save.

Note: To avoid confusion, Gregorian calendar month labels do not appear in the various views for non-standard fiscal calendars (such as 4-5-4).