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4-5-4 Fiscal Calendar

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4-4-5 Fiscal Year

The 4-4-5 fiscal calendar is a specialized accounting and financial calendar commonly used in retail, manufacturing, and hospitality industries. It divides a year into 4 quarters of 13 weeks each, structured as follows:

  • 4 weeks in the first month
  • 4 weeks in the second month
  • 5 weeks in the third month
Quarter Month 1 Month 2 Month 3 Total Weeks
Q1 4 weeks 4 weeks 5 weeks 13 weeks
Q2 4 weeks 4 weeks 5 weeks 13 weeks
Q3 4 weeks 4 weeks 5 weeks 13 weeks
Q4 4 weeks 4 weeks 5 weeks 13 weeks
Total Weeks in year 52 weeks

Since a year has 52 weeks (364 days), this calendar keeps financial reporting consistent by ensuring each quarter has the same number of weeks across years. However, every 5-6 years, an extra 53rd week is added to align with the actual calendar year.

 

Key Features & Benefits

✅ Consistent financial periods – Ensures that the same number of weekends fall in comparable months year-over-year.
✅ Better sales comparisons – Helpful for businesses where weekends significantly impact revenue.
✅ Common in retail & manufacturing – Used by companies like Walmart, Target, and other large retailers.

 

Who Uses It?

  • Retailers 
  • Manufacturers
  • Grocery Stores
  • Restaurants
To configure fiscal year based on the 4-4-5 calendar:
  1. As a System administrator, navigate to Settings > Global Settings.
  2. In the Organizational Settings section, find the Calendar setting and click Edit
  3. In the Calendar window, click Calendar settings.

  4. In the Calendar settings window, enter a name for the fiscal year.
  5. Select the Fiscal Year checkbox and then select the 4-4-5 option from the drop-down list.clipboard_ee93c2f32c588c666e56dcf6f172f0e60.png
  6. 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.
  7. Select the Restated checkbox if you wish to add a 53rd week to the end of a fiscal year.
    The 4-4-5 calendar divides the year into months based on a 4 weeks – 4 weeks – 5 weeks format. Due to the layout of the 4-4-5 calendar (52 weeks x 7 days = 364 days), there is one unaccounted day each year. As a result, a 53rd week is added every 5 or 6 years.
    If you select the checkbox, the system will automatically add the 53rd week to the end of the appropriate year.
  8. Click Save.

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