Every company follows a Fiscal Year and a Payout Frequency (Commission Schedule). Calendar is the place where the Fiscal year starts and base payout frequency of company is stored The Commission Schedule varies from one company to another. Calendar allows the setup of the payment Periods for commissions as per the commission schedule. Most commonly used commission Schedule is Monthly.
The Calendar section contains various calendars to be used for companies with details such as Fiscal Information, Frequency, and so on.