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glennhoile-hotma
May 25, 2023 1:03 PM UTC
Solved

Does the tax year automatically run from April 6th to April 5th?my expenses for this year are including April 1st onwards?

I have also closed my books for 22/23, but there is no drop down option to see this current year?
Ashleigh1Answer
May 25, 2023 2:10 PM UTC

Hello Glennhoile-hotma, 

 

Welcome to the Community page, 

 

In QuickBooks it doesn’t go off the tax year it follows the first date of the month you have on the settings. Main cog wheel> account and settings> advanced> accounting> first month of financial year.

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3 replies

Ashleigh1Answer
May 25, 2023 2:10 PM UTC

Hello Glennhoile-hotma, 

 

Welcome to the Community page, 

 

In QuickBooks it doesn’t go off the tax year it follows the first date of the month you have on the settings. Main cog wheel> account and settings> advanced> accounting> first month of financial year.

glennhoile-hotmaAuthor
May 25, 2023 3:20 PM UTC

Is there anyway to change it to the official tax year dates... its nightmare for the tax return is it not? 

 

Ashleigh1
May 25, 2023 4:55 PM UTC

Hello glenhoile-hotma, so you can set the first month of the financial year to whatever month you want it to be by clicking on the box and then click the drop down arrow select the month you want and then save. For the first month of tax you can have this set as either January or the same as financial year again by clicking on the box drop down arrow select the option and save. 

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