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October 30, 2024
Question

We had to file a short period Y/E with CRA and changing the Y/E for the company. How do I Select April 4th 2024 as the short period Y/E & next period Apr 5th to Mar 31

  • October 30, 2024
  • 1 reply
  • 0 views
Y/E was previously Aug 31st but we had to do a short period Y/E for Sept 1st 2023 to Apr 4th, 2024. We have changed the co y/e to March 31st so need this period to be from Apr 5th 2024 to Mar 31, 2025 and then the normal April 1st to MArch 31st moving forward  

1 reply

October 30, 2024

Hello deenajean11-outl,

 

Welcome to Community!  QuickBooks Online is designed to simplify your business accounting, and bookkeeping goals.  I would be happy to show you how to edit your fiscal year!

 

Changing your year end dates can be done through your settings. Here's how;

 

1. Open your Settings ⚙, then choose Account and settings
2. Click the Advanced tab
3. Select the Edit 📝 in the Accounting section
4. Choose the First month of fiscal year from the ▼ dropdown menu
5. Hit Done.
Note; You'll see that there isn't an option to choose a specific day of the month.  When running reports, you'll still select the first month of the fiscal year, then manually adjust the date to a specific day, to see accurate fiscal year information.

 

If you would like to see specific dates come available in future updates, please don't hesitate to submit a suggestion to our Development team.

 

Feel free to reach out again, if you have other questions.  We would be glad to assist!