4 ms·
There are industries that employ 13 period accounting. I encountered it in the bar and restaurant sector. Weeks are accurate, repetitive measures for them. Mont
by every 4y ago
There are industries that employ 13 period accounting. I encountered it in the bar and restaurant sector. Weeks are accurate, repetitive measures for them. Months and quarters are too variable to be of much use. However the practice does make for a lot of adjusting entries, prepaids and accruals to align with the actual calendar and billing cycles. Somewhat of a pain...