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Accounting calendar selection

I've used a 4/4/5 week convention (1st month of qtr = 4 weeks, 2nd month = 4 weeks, 3rd month = 5 wks, 1-2 day difference at year end is tacked onto Week 52) at some co's, and the regular calendar (e.g. Jan 31 days, Feb 28 days......) at others. Getting the sales, logistics, purchasing, warehouse, other functions to sync up their processes, metrics, is a key issue. Overall, which convention do you think works best for a company that sells and ships tangible product? Not just the impact on accounting and taxes, but the sales, marketing, purchasing, inventory mgmt groups. Any key talking points why? Thanks !

Answers

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

Anon
I see 445 in place at retailers and consumer driven businesses, where week-on-week performance comparisons are more relevant to management decision making than calendar based financials.
I'm doing something for a client on this right now-contact me if you would like to discuss more.
Regards
Len

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