Calendar Year Accounting Settings
Businesses can choose to operate on either a standard calendar year or a custom 12-month
Fiscal year. In Gnucash Calendar Year and a Fiscal Year dictates how you configure your Accounting Period Preferences.
If your business reports Profit & Loss based on the standard calendar year accounting period , GnuCash default setting are ideal and includes preset built in features specifically designed for calendar year accounting period users. If your business operates on a Fiscal year then you will find GnuCash custom settings ideal.