Hello --
We're always striving to make doing business with Ingram Content Group even easier. Many of you have vocalized the desire to align our accounting periods and financial reporting statements with yours based on month-end calendars. You spoke, and we listened.
Currently, Ingram processes transactions and issues monthly statements to publishers based on a "4-4-5 calendar", which recognizes three months in each quarter divided into 4 weeks (1st month), 4 weeks (2nd month) and 5 weeks (3rd month). This means that our accounting month end does not necessarily coincide with the last calendar day of a given month.
Beginning Jan. 1, 2017, Lightning Source Inc. (including IngramSpark), VitalSource Technologies Inc. and Ingram Publisher Services Inc. will follow a calendar month accounting cycle to better align with many of our clients.
We hope this change makes aligning your accounting statements with Ingram even easier. Please contact your account manager if you have any questions.
Best, Brian Dauphin Chief Financial Officer Ingram Content Group
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