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My current fiscal year is set to month starting January. I am looking to change fiscal year to mth starting July. Does the roll forward of equity in QB only default 12mth
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Hello @morena-koh,
Yes, QuickBooks Online covers the default 12 months within the fiscal year. Let me walk you through the steps on how you can change it.
- Go to the Gear icon.
- Under YOUR COMPANY, select Accounts and Settings.
- Select Advanced.
- On the Accounting section, select the Pencil icon.
- Choose July on the First month of fiscal year selection.
- Select Save.
- Click Done.
From here, you'll also notice the changes in the dates of your report as you review your business's income and expenses.
Additionally, I've also included this reference for a compilation of articles you can use while working with us: Know where you stand financially.
If there's anything else that I can help you with, please let me know in the comments below. I'll be here to lend a hand.
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