What is the 4-4-5 Accounting System?
Description
Bookkeeping Services in Cincinnati. The 4-4-5 accounting system is a specialized method of creating a fiscal calendar that is often used by companies in retail, manufacturing, and food services industries where weekly sales data is critically important.
Unlike the standard calendar month, which can have 28, 29, 30, or 31 days and can contain four or five weekends, the 4-4-5 system organizes the year into four quarters, each of which has 13 weeks. This ensures that every quarter and every comparable period within that quarter has the exact same number of weekdays and weekends.