Skip to main content
April 11, 2023
Question

Company incorporated January 2021. First Fiscal Year end is July 31 2021, not quite 6 months. I don't want to screw up. How do I set it up.

  • April 11, 2023
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

April 11, 2023

Hi there sleeqshop-gmail-,

 

It's important for all your transactions to be entered properly for your books to be well balanced. QuickBooks Online is a great tool able to help you keep track of the sales and expense transactions so you can see the profit of your business. I can provide some information about fiscal years.

 

In QuickBooks Online, there is only the option to set a first month of a fiscal year. If the first fiscal year in your QuickBooks account is shortened, then just set your fiscal year start date to August will separate the 6 month period from the August to July year.

 

If you have any other questions, feel free to reach out here.