Are you a newbie in the App Store who recently launched a new app with in-app purchases and now trying to figure out the Apple payment calendar?

No worries, we got you. After reading this blog post, you will be a pro at understanding what a fiscal year calendar is and when is your estimated payment date.

For the purpose of easing financial reporting Apple uses a fiscal year calendar. To be more specific, the calendar has 4 quarters, each uses the 5-4-4 week method of managing accounting periods. This type of calendar groups the quarters of the fiscal year into one 5-week “month” and two 4-week “months”. It does seem a bit weird to use this kind of calendar, but it has a major advantage when it comes to starting and ending the month period: the end date of the period is always the same day of the week, which is useful for reviewing the company’s financial performance and planning future expenses.