"Fiscal years" are stupid

[Great Rumbler]

End of fiscal year accounting activities are an absolute pain. You've got seperate entries for the end of the day, the end of the month, the end of the quarter, and the end of the year. Trust me, it's painful. If you do all that during a part of the year where you also have a huge increase in business activity, like the holiday rush, you're going to get bogged down really fast.

Also, in case you hadn't noticed, not every company is founded on January 1st.