Can the trial balance be run on both a calendar and fiscal year

Thank you for reaching out, Hsexton. I know how to customize a Trial Balance report in QuickBooks Online (QBO) so you can access previous data.

Although there isn't a direct option to run this report for both calendar and fiscal years simultaneously, we can customize the report's period to access prior records based on the calendar year. Let me guide you through the steps.

Here's how:

1. Log in to your QBO account.
2. Navigate to the Reports and run a Trial Balance report.
3. Click the Report period dropdown arrow.
4. Tick the Custom dates option and choose your desired period for historical data.

You can also refer to the screenshot below for guidance:

Additionally, learn how to export reports to Excel so you can use them outside of QuickBooks. For complete guidelines, refer to this article: Export your reports to Excel from QuickBooks.

Historical data provides the necessary context for making well-informed business decisions. Post a comment below if you need additional information about customizing reports or any other concerns in QBO. We’re here to provide our help at any time!