Accounting Cycles

The number of weeks in each financial period is determined by the accounting cycle. In Reporting and Analytics, accounting cycle options include:

• 4/4/5

• 5/4/4

• 4/5/4

• 4/4/4

The 4/4/5 accounting cycle consists of a four-week financial period, another four-week financial period, and a five-week financial period. Each financial quarter consists of these 3 periods, for a total of 12 financial periods for the entire fiscal year.

The 4/4/4 accounting cycle consists of only four-week financial periods. This requires an additional financial period to complete the fiscal year, for a total of 13 fiscal periods.