A fiscal calendar is a system used by organizations to plan and track their financial activities over a specific period, typically lasting one year. Unlike the standard calendar year, which runs from January to December, a fiscal calendar can start in any month, such as April or July. This allows businesses and governments to align their budgeting and reporting processes with their operational cycles. Organizations use the fiscal calendar to prepare financial statements, set budgets, and analyze performance. It helps in managing resources effectively and making informed decisions. For example, a company may choose a fiscal year that coincides with its peak sales season to better reflect its financial health.