When is QBO going to offer 5th April year end for our property clients? When will QBO offer option of short and long accounting periods for companies - urgently needed

I’d be glad to share some information with you on how closing the books works in QuickBooks Online. info661.

It would really depend on how you'd like to manage your books. Most of the time, small businesses close their books at the end of the year to prevent unwanted changes that could affect their financial reports before filing the taxes. Although, you can also your books on a monthly or weekly basis to easily track and monitor all their business activities within that period.

Whether you’re closing the books at the end of the month or year, the process is the same. A best practice is to collaborate with your Pro-advisor or CPA in reviewing your account and performing the formal closing process to ensure that everything is accurate and up-to-date.

Afterward, you can review your closed books. You can use this article to guide you: Year-end guide and checklist.

You got me if you need more help in reviewing or editing your books.

Hi @info661 

Don't hold your breath!

I was using QB Desktop for around 20yrs before the enforced switch to QBO & I'm pretty sure it only ever offered the choice of Month for Financial Year End.

All Reports can be customised to 5th April but QB is based on an American system & it must be difficult to understand that the year starts on 6th April :smileylol: