fiscal vs calendar year
Rating Newest Oldest. Best Answer: The only difference between a fiscal calendar, and a calendar year is in how you do accounting. For Example if you use the Fiscal calendar, your accounting year could start in October, or the fourth quarter of the calendar year. Or, in any other quarter and it doesn't matter.While this would be your 1st quarter it is still the 2nd, 3rd, or 4th quarter of the calendar year.or Example if you use the Fiscal calendar, your accounting year could start in October, or the fourth quarter of the calendar year. Or, in any other quarter and it doesn't matter.