The calendar gives you the ability to see the big picture and organize all of your social media marketing efforts so you know what goes out when. You can see progress over time because your posts are organized by the date they were sent to social media.
If you tap or click on a particular day, you can see any past posts that were sent to your connected social media accounts. You will also see when future posts are scheduled. A green dot shows posts that were sent on that day. A turquoise dot indicates a post on that day is scheduled, and a red dot indicates there was a problem sharing a post on that day.
For more information on viewing your past posts check out this tutorial.