My client has changed its financial year end from 30/4/2023 to 31/12/2022. We had finalised accounts year ended 30/4/2022. Do i just change it from Setting?

Allow me to share some information about updating the fiscal year end of your account, @2R50_2-brattle.

Changing your fiscal year or the start of your financial year will also change the dates in your report. However, your data will not change, so you can simply enter the dates when you need to see the data in your previous financial year.

To change the start of your fiscal year in the settings, here's what we need to do:

1. Proceed to the Gear icon and select Accounts and Settings.
2. Choose the Advanced tab and click on the Accounting section.
3. Click the month you choose for the first month of fiscal year option.
4. Lastly select Save and then Done.
   
   

I'm also adding this resource you can utilize to learn what you and your accountant need to do in QuickBooks Online to close out the previous year and prepare for the new one: Year-end guide for QuickBooks Online.

Let me know if you have further concerns with your financial year end. I'll be around to help always. Keep safe!