The Why, What and How of Custom Fiscal Periods
The Why, What and How of Custom Fiscal Periods
In this whitepaper, we discuss why custom fiscal periods are a common adoption to meet the demands of the restaurant industry.
Custom fiscal periods allow you to define the company year into 364 days of activity with periods having a fixed number of days. Aprio analyzed the use of custom fiscal periods for better alignment of financial reporting and budgeting with a company’s operational business cycle leading to more accurate insights into financial performance. Additionally, custom fiscal periods can help identify trends and patterns specific to the restaurant’s operations, leading to more strategic planning and improved overall efficiency.
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