What is the 4 4 5 accounting system?

What is the 4 4 5 accounting system?

Approved answer

Understanding the 4–4–5 Accounting System

The 4–4–5 calendar is a technique for organizing accounting periods and is frequently utilized in sectors like retail and manufacturing. This system divides the year into four quarters, each comprising 13 weeks, organized into two 4-week "months" and one 5-week "month."

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