{"id":339,"date":"2023-06-24T18:54:32","date_gmt":"2023-06-24T11:54:32","guid":{"rendered":"http:\/\/example.com\/?p=339"},"modified":"2023-06-24T18:54:32","modified_gmt":"2023-06-24T11:54:32","slug":"calendar-year-vs-rolling-year","status":"publish","type":"post","link":"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/","title":{"rendered":"Calendar Year Vs Rolling Year: Understanding The Key Differences"},"content":{"rendered":"<div class=\"387480d42754320bb6f0e83bf7886d44\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script type=\"text\/javascript\">\r\n\tatOptions = {\r\n\t\t'key' : '4a1f1119f949a4af74d56b8a3af8b867',\r\n\t\t'format' : 'iframe',\r\n\t\t'height' : 250,\r\n\t\t'width' : 300,\r\n\t\t'params' : {}\r\n\t};\r\n\tdocument.write('<scr' + 'ipt type=\"text\/javascript\" src=\"http' + (location.protocol === 'https:' ? 's' : '') + ':\/\/bleedingofficecontagion.com\/4a1f1119f949a4af74d56b8a3af8b867\/invoke.js\"><\/scr' + 'ipt>');\r\n<\/script>\n<\/div>\n<article>\n<figure><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/tse1.mm.bing.net\/th?q=calendar%20year%20vs%20rolling%20year\" alt=\"2015 Third Quarter Review True Financial\" width=\"640\" height=\"360\" \/><\/noscript><img decoding=\"async\" class=\"v-cover ads-img\" src=\"https:\/\/tse1.mm.bing.net\/th?q=calendar%20year%20vs%20rolling%20year\" alt=\"2015 Third Quarter Review True Financial\" width=\"100%\" style=\"margin-right: 8px;margin-bottom: 8px;\" \/><figcaption>2015 Third Quarter Review True Financial from www.truefinancial.com.au<\/figcaption><\/figure>\n<p>As we enter the year 2023, many businesses and organizations are faced with the decision of whether to use a calendar year or rolling year for their financial reporting and planning. While both options have their advantages and disadvantages, it&#8217;s important to understand the key differences between the two to make an informed decision.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_61 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6594fc5ce97dc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6594fc5ce97dc\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#What_is_a_Calendar_Year\" title=\"What is a Calendar Year?\">What is a Calendar Year?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#Pros_of_a_Calendar_Year\" title=\"Pros of a Calendar Year:\">Pros of a Calendar Year:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#Cons_of_a_Calendar_Year\" title=\"Cons of a Calendar Year:\">Cons of a Calendar Year:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#What_is_a_Rolling_Year\" title=\"What is a Rolling Year?\">What is a Rolling Year?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#Pros_of_a_Rolling_Year\" title=\"Pros of a Rolling Year:\">Pros of a Rolling Year:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#Cons_of_a_Rolling_Year\" title=\"Cons of a Rolling Year:\">Cons of a Rolling Year:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#Question_and_Answer\" title=\"Question and Answer:\">Question and Answer:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#Q_Which_option_is_better_for_my_business_or_organization\" title=\"Q: Which option is better for my business or organization?\">Q: Which option is better for my business or organization?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#Q_Can_I_switch_from_a_calendar_year_to_a_rolling_year_or_vice_versa\" title=\"Q: Can I switch from a calendar year to a rolling year or vice versa?\">Q: Can I switch from a calendar year to a rolling year or vice versa?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#Q_Do_I_have_to_use_a_calendar_year_or_rolling_year_for_financial_reporting\" title=\"Q: Do I have to use a calendar year or rolling year for financial reporting?\">Q: Do I have to use a calendar year or rolling year for financial reporting?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/w2.geleleger.nl\/rgnbs-calendar-year-vs-rolling-year-kmzye\/#Conclusion\" title=\"Conclusion:\">Conclusion:<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Calendar_Year\"><\/span>What is a Calendar Year?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A calendar year is a 12-month period that starts on January 1st and ends on December 31st. This is the most common fiscal year used by businesses and organizations in the United States. It aligns with the standard calendar year and makes it easier to compare financial data across different entities.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Pros_of_a_Calendar_Year\"><\/span>Pros of a Calendar Year:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&#8211; Easy to understand and follow<br \/>&#8211; Aligns with the standard calendar year<br \/>&#8211; Makes it easier to compare financial data across different entities<br \/>&#8211; Simplifies tax reporting and compliance<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cons_of_a_Calendar_Year\"><\/span>Cons of a Calendar Year:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&#8211; May not align with a company&#8217;s natural business cycle<br \/>&#8211; May not coincide with a company&#8217;s seasonality<br \/>&#8211; May require additional planning and forecasting to account for year-end expenses and revenue<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Rolling_Year\"><\/span>What is a Rolling Year?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A rolling year, also known as a fiscal year, is a 12-month period that starts on any date and ends 12 months later. This option is often used by companies whose business cycle doesn&#8217;t align with the standard calendar year. It allows for more flexibility in financial reporting and planning.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Pros_of_a_Rolling_Year\"><\/span>Pros of a Rolling Year:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&#8211; More flexibility in financial reporting and planning<br \/>&#8211; Aligns with a company&#8217;s natural business cycle<br \/>&#8211; Can coincide with a company&#8217;s seasonality<br \/>&#8211; May simplify year-end planning and forecasting<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cons_of_a_Rolling_Year\"><\/span>Cons of a Rolling Year:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&#8211; May be confusing for external stakeholders<br \/>&#8211; May make it difficult to compare financial data across different entities<br \/>&#8211; May require additional planning and forecasting to account for year-end expenses and revenue<br \/>&#8211; May complicate tax reporting and compliance<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Question_and_Answer\"><\/span>Question and Answer:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Q_Which_option_is_better_for_my_business_or_organization\"><\/span>Q: Which option is better for my business or organization?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A: The answer depends on a variety of factors, including your business cycle, seasonality, reporting requirements, and tax considerations. If your business aligns with the standard calendar year and you don&#8217;t have any major seasonality issues, a calendar year may be the best option. If your business cycle doesn&#8217;t align with the standard calendar year or you have significant seasonality, a rolling year may be a better fit. It&#8217;s important to consult with your accountant or financial advisor to determine which option is best for your specific situation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q_Can_I_switch_from_a_calendar_year_to_a_rolling_year_or_vice_versa\"><\/span>Q: Can I switch from a calendar year to a rolling year or vice versa?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A: Yes, you can switch from one option to the other, but it may require additional planning and preparation. For example, if you switch from a calendar year to a rolling year, you&#8217;ll need to account for the extra months and adjust your reporting and forecasting accordingly. It&#8217;s important to consult with your accountant or financial advisor to ensure a smooth transition.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q_Do_I_have_to_use_a_calendar_year_or_rolling_year_for_financial_reporting\"><\/span>Q: Do I have to use a calendar year or rolling year for financial reporting?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A: No, there are other options available, such as a 52-53 week year or a short tax year. However, these options are less common and may require additional planning and preparation. It&#8217;s important to consult with your accountant or financial advisor to determine which option is best for your specific situation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Choosing between a calendar year and rolling year can be a complex decision, but understanding the key differences between the two can help you make an informed choice. By evaluating your business cycle, seasonality, reporting requirements, and tax considerations, you can determine which option is best for your specific situation. It&#8217;s important to consult with your accountant or financial advisor to ensure a smooth transition and comply with all reporting and compliance requirements.<\/p>\n<\/article>\n<p><!--more--><\/p>\n<section>\n<aside><img decoding=\"async\" alt=\"Rolling Calendar Time Table\" src=\"https:\/\/i2.wp.com\/www.calendarpedia.com\/images\/academic\/2015-2016-academic-calendar-rolling.png\" width=\"100%\" style=\"margin-right: 8px;margin-bottom: 8px;\" \/><small>Source: <i>todaytimetable.blogspot.com<\/i><\/small><\/aside>\n<aside><img decoding=\"async\" alt=\"Rolling Calendar Time Table\" src=\"https:\/\/i2.wp.com\/www.calendarpedia.co.uk\/images\/school\/school-calendar-2015-2016-portrait-rolling.png\" width=\"100%\" style=\"margin-right: 8px;margin-bottom: 8px;\" \/><small>Source: <i>todaytimetable.blogspot.com<\/i><\/small><\/aside>\n<aside><img decoding=\"async\" alt=\"2013 year rolling calendar stock illustration. Illustration of coming\" src=\"https:\/\/i2.wp.com\/thumbs.dreamstime.com\/z\/2013-year-rolling-calendar-27379536.jpg\" width=\"100%\" style=\"margin-right: 8px;margin-bottom: 8px;\" \/><small>Source: <i>www.dreamstime.com<\/i><\/small><\/aside>\n<aside><img decoding=\"async\" alt=\"Calendar Month Vs Rolling Month Printable Blank Calendar Template\" src=\"https:\/\/i2.wp.com\/printablecalendarblanks.com\/wp-content\/uploads\/2019\/04\/the-best-and-worst-rolling-index-returns-1973-2016-calendar-month-vs-rolling-month-3.jpg\" width=\"100%\" style=\"margin-right: 8px;margin-bottom: 8px;\" \/><small>Source: <i>printablecalendarblanks.com<\/i><\/small><\/aside>\n<aside><img decoding=\"async\" alt=\"2014 four week rolling calendar\" src=\"https:\/\/i2.wp.com\/image.slidesharecdn.com\/2014four-weekrollingcalendar-141020191707-conversion-gate02\/95\/2014-four-week-rolling-calendar-1-638.jpg?cb=1413833394\" width=\"100%\" style=\"margin-right: 8px;margin-bottom: 8px;\" \/><small>Source: <i>www.slideshare.net<\/i><\/small><\/aside>\n<aside><img decoding=\"async\" alt=\"Calendar Month Vs Rolling Month Printable Blank Calendar Template\" src=\"https:\/\/i2.wp.com\/printablecalendarblanks.com\/wp-content\/uploads\/2019\/04\/the-best-and-worst-rolling-index-returns-1973-2016-calendar-month-vs-rolling-month-1.jpg\" width=\"100%\" style=\"margin-right: 8px;margin-bottom: 8px;\" \/><small>Source: <i>printablecalendarblanks.com<\/i><\/small><\/aside>\n<aside><img decoding=\"async\" alt=\"2015 Third Quarter Review True Financial\" src=\"https:\/\/i2.wp.com\/4.bp.blogspot.com\/-0uTe-7k7yRU\/VihV6mYroZI\/AAAAAAAABDA\/DBG5UEXAPQc\/s1600\/Sep15ITvYR.jpg\" width=\"100%\" style=\"margin-right: 8px;margin-bottom: 8px;\" \/><small>Source: <i>www.truefinancial.com.au<\/i><\/small><\/aside>\n<aside><img decoding=\"async\" alt=\"Calendar Year Vs Rolling Year Qualads\" src=\"https:\/\/i2.wp.com\/www.qualads.com\/wp-content\/uploads\/2018\/06\/rolling-index-returns-best-for-stock-market-performance-1.jpg\" width=\"100%\" style=\"margin-right: 8px;margin-bottom: 8px;\" \/><small>Source: <i>www.qualads.com<\/i><\/small><\/aside>\n<\/section>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>2015 Third Quarter Review True Financial from www.truefinancial.com.au As we enter the year 2023, many businesses and organizations are faced with the decision of whether to use a calendar year or rolling year for their financial reporting and planning. While both options have their advantages and disadvantages, it&#8217;s important to understand the key differences between &hellip;<\/p>\n","protected":false},"author":1,"featured_media":3730,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/posts\/339"}],"collection":[{"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/comments?post=339"}],"version-history":[{"count":0,"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/posts\/339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/media\/3730"}],"wp:attachment":[{"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/media?parent=339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/categories?post=339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/w2.geleleger.nl\/wp-json\/wp\/v2\/tags?post=339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}