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JANECCC1
December 12, 2021
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Why I am unable to change the fiscal year end of company? please help me

  • December 12, 2021
  • 1 reply
  • 0 views

Hi, everyone

I set up a brand new company and make a mistake to setup the fiscal year end to Sep. Actually I want the year end to Nov. And then, I go to Accounting and Setting---Advanced----First month of fiscal year--- change the month to Dec

After I done all, the fiscal year end under the tab "books to tax- Workpapers " , It still show the year end is Sep, it doesn't work.

 

Then, I tried the second method to purge the company, wipe all company data and start over . But this method is only wipe all accounting data, not wipe the setting of company, it is not make the company go back to the pre setting status, the year end is still not change.

 

What should I do now? 

 

Thanks a lot.

 

 

Best answer by Nick K

Hi JANECCC1.

 

Being able to change your fiscal year is one of the great features QuickBooks Online provides. I'd be happy to go over how to make your workpapers show the new fiscal year end.

 

In order for your work papers to show the correct fiscal year you'd need to make a Journal entry for sometime that is in both time periods where 1 cent is moved between accounts. This will give you a prompt that a change was made and when you accept it'll refresh the dates properly. That's all there is to it.

 

If you have any questions let us know and we'd be happy to help.

1 reply

N
Nick KAnswer
December 13, 2021

Hi JANECCC1.

 

Being able to change your fiscal year is one of the great features QuickBooks Online provides. I'd be happy to go over how to make your workpapers show the new fiscal year end.

 

In order for your work papers to show the correct fiscal year you'd need to make a Journal entry for sometime that is in both time periods where 1 cent is moved between accounts. This will give you a prompt that a change was made and when you accept it'll refresh the dates properly. That's all there is to it.

 

If you have any questions let us know and we'd be happy to help.

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