Question

How to set up QBO year end date at the middle of the month?

8 replies
188 views

How to set up QBO year end date at the middle of the month? Thank you.

QuickBooks Online

QuickBooks Team

Good day, @dianne11_2. I want to ensure you’ll be able to set up a year-end date according to your preferences so I'll add a few details to help you.

Let’s change your fiscal year or the start of your financial year in QuickBooks. This is because our system understands when your fiscal year ends based on the first month that it starts.

Here’s how:

Go to the Gear icon and select Accounts and Settings.
Select the Advanced tab and click on the Accounting section.
On the first month of fiscal year, update the month.
Click Save, and then Done.

Furthermore, please also know this will affect the dates in your report. This means the report will display transactions between the months you’ve set within your fiscal year.

On the other hand, it won’t change any data in your account. This implies that the specific date will still show when you’d like to view previous year’s report. You just need to select the dates manually.

I’ve added these resources to guide you with filtering to get the data you need, and saving it with its current customization settings:

For more information on taxes, forms, filings, payroll and other Year End activities, make sure to check out our Year End Resources page.

Just tag my name in the comment section if you have other questions about modifying fiscal year or any other QuickBooks-related concerns. I'll get back to you as soon as I can. Stay safe.

J

jodii07

How do I set it YE as Jan 15, 2023. It keeps going to Jan 31, 2023

A

AbegailS_

Level 6

Hi there, jodii07. Allow me to share some details that can help you change your year-end date.

Managing the closing date in QuickBooks Online (QBO) is only available for admin users. Make sure to sign as a primary or company admin to change the year-end closing date. You can follow the steps below:

Sign in to QBO as a primary or company admin.
Go to the Gear icon and then Accounts and settings.
Select the Advanced tab.
Click the Edit icon in the Accounting section.
Change the closing date. To change your password, just enter a new password and confirm it.
Select Save and then Done.

If you're unable to change it even if you're logged in as admin, you may have too much accumulated historical data causing this unusual behavior. Whenever you visit a website, it saves some information from the web page in its cache and cookies. These files allow the websites you visit most often to load faster. Not to worry, clearing them will do the trick.

First, let's try accessing your account through an incognito window to rule out the possibility of a webpage issue. You can refer to these shortcut keys to open an incognito window in all supported browsers:

Chrome: Ctrl+Shift+N
Firefox: Ctrl+Shift+P
Safari: Command+Shift+N

Once done, go to your Advanced settings. If it allows you to edit the closing date, I recommend clearing your browser's cache so you can access QuickBooks with a clean slate. You can also use a different supported one.

Also, you'll want to seek some advice from your accountant about closing your books to make sure your data is accurate. If you don't have one, consider subscribing to QuickBooks Live Bookkeeping.

Do you need financial reports? Check this link: QBO Reports.

Keep in touch if you need any more assistance with this or if there's something else I can do for you. I've got your back. Take care and stay safe!

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