If you have an iOS app, understanding and planning around Apple's fiscal calendar is key to effective financial management.
This is a concise guide to help you plan your financial year effectively.
Understanding Apple’s Fiscal Year:
- Apple's fiscal year typically runs for 364 days, segmented into four quarters.
- Each quarter includes one 35-day fiscal month and two 28-day fiscal months.
- Roughly every five years, an extra week is added to the fiscal year to align with the 365-day calendar year.
Developer Payment Schedule:
- Apple generally pays developers 33 days post the end of a fiscal month.
- Exception: The payment for the November fiscal month might be processed earlier, possibly for financial reporting purposes.
Fiscal Year 2024 Payment Dates:
- October 2023: Payment due December 7, 2023
- November 2023: Payment due January 4, 2024
- December 2023: Payment due February 1, 2024
- January 2024: Payment due March 7, 2024
- February 2024: Payment due April 4, 2024
- March 2024: Payment due May 2, 2024
- April 2024: Payment due June 6, 2024
- May 2024: Payment due July 4, 2024
- June 2024: Payment due August 1, 2024
- July 2024: Payment due September 5, 2024
- August 2024: Payment due October 3, 2024
- September 2024: Payment due November 7, 2024
Additional Points to Consider:
- Apple's fiscal calendar and payment dates are generally consistent worldwide, though local bank processing times can vary.
- Unlike Google, which pays developers on the 15th of each month, Apple has a distinct 33-day post-fiscal month schedule.
- To receive payments, ensure a valid Paid Applications Agreement, proper banking information in App Store Connect, and adherence to the minimum payment threshold for each region.
For more detailed insights and additional resources on managing your app revenues and staying updated with Apple's fiscal policies, check out our comprehensive blog post. This summary is designed to provide you with the essentials, making it easier to manage your finances and plan ahead effectively.
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