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December 9, 2023
Question

How do I add the dates of my tax year into quickbook. Its defaulted to 01.01.23 - 31.12 23

  • December 9, 2023
  • 1 reply
  • 0 views
My tax year starts 01.11.22

1 reply

December 9, 2023

I can share insights about setting up dates for your tax year in QuickBooks Online (QBO), naturally. With this, we can determine how the application works in managing your books.

 

You’re correct that QuickBooks defaults to the first day of the month set on your tax year. Entering a specific date for it is unavailable. I acknowledge the fact that this may confuse you in managing your business taxes. Worry less as the application works as it is designed.

 

Although, we’re unable to select a specific date for when your tax year begins. The application will automatically detect when your transactions start. 

 

Moreover, learn to close your previous financial year to prepare for the new one. Here are the complete guidelines and workflow to complete it: QuickBooks Online year-end guide and checklist.

 

I’ll be delighted to assist you again if you have other questions related to managing your company setting or any QuickBooks-related topics. The Community always has your back. Take care!