What is Sales Quarter?
A Sales Quarter is a three-month period in which the total sales for any company are calculated.
This calculation includes all of the revenue that has been collected over those three months, and this may include both products or services sold to customers as well as wholesale purchases made from suppliers.
The following are two examples of how to calculate Sales Quarter and when these quarters start.
The first quarter runs January - March and ends on April 30th. This quarter starts with the month in which an organization's fiscal year begins or descends from that date forward for as many years as necessary until they reach it again.
For example if a company's fiscal year began December 31st then their first calendar quarter would be Jan-Mar, but if their Fiscal Year started on October 31st then their first calendar quarter would be Oct-Dec (Oct = last day of September).