Is it possible to change close date to a period close of 4 4 5 ending on the last Saturday of the month?

Hi there, 

It's important you're able to change the closing date and I'd be happy to show you how. 

I want to make sure I give you the correct answers. Which closing date are you referring to? In case you're talking about closing the books, I encourage you to check out the resources below:

• How to close the books
• How to change the closing date password

In case you have other questions, feel free to contact our support team using this link here.

Closing the books, I tried going into the settings but it does not allow for the ability to adjust each month/period.  It just happen to be 9/30 when we set up for 2017 year end but now I cannot adjust the other years without changing past.   So for instance YE 2018 was 9/29, YE 2019 was 9/28 and YE 2020 will be 10/3. This makes the month/periods end on non calendar month end days.

I want to make sure you get the support you need with this. I recommend contacting our support team using this link here. One of our agents will be happy to take a look at your account assist you the best way possible. 

Hi Becky - did you receive a resolution to your question? I am having the same issue.

Hello Angela, 

Welcome to the Community! I can see how having the ability to select the precise month-end or year-end date is important for companies with floating year ends. I can shed some light on this feature for you. 

In QuickBooks Online, you can select the month-end date for closing your books within Account and Settings, under the Advanced section. There you can use the calendar icon to select the date needed for the month-end then select Save. This locks past transactions so that they cannot be edited in error. You can set it so that changes can be made either after accepting a warning or by entering a password. 

QuickBooks Online currently allows you to select the first month of the corporate year, defaulting the year-end date to the last day of the preceding month. This determines the date range for data when running reports with the fiscal year range selected. There isn't a way to select a specific day of the month. I recommend submitting some feedback to our software developers regarding the year-end function. They review the feedback they receive when preparing future updates and features. Here's how to submit feedback directly from within your QuickBooks Online company:

• Select the Gear icon towards the top right, then Feedback.
• Enter your comments or product suggestions then select Next.
• You'll be provided a list of suggested Help articles related to your comment. You can read through them or select Skip and send message.
• From the drop-down, choose the appropriate category, then select Send message.

I also recommend running reports with a custom date range in this situation rather than using the fiscal year for the date range. This way, you can generate your income statement, balance sheet and other crucial year-end reports with the correct start and end date. This can be done after running a desired report by selecting the Report Period drop-down menu and selecting custom, then entering the start and end dates in the two fields to the right of the drop-down menu. You'd then select Run Report to refresh the view to get the desired data. 

I hope this helps. Please let me know if you have any other questions!

Has the engineering team developed the ability to set up a 4 4 5 quarterly reporting system?  I need to set up a new company with this monthly close cadence. Is QBO an option??

Hi CM250.

Being able to set up your closing dates is an important part of closing out the year or quarter. I'd be happy to go over this with you.

In QuickBooks Online you set up when you want to close your books based on the steps my colleagues provided above. If you want to close it every 3 months at month end you can set it up to close on that date. If you're looking for it to be done in a different method I recommend sending feedback to our development team so they can look into possibly adding these updates in future updates. You can send feedback by following these steps:

1. Select the Gear icon at the top, then Feedback.
2. Enter your comments or product suggestions. Then select Next to submit feedback.

If you have any questions let us know and we'd be happy to help.

I'm assuming after all this feedback, this is still not something QBs can do?  It's the main reason my company is switching and it seems like a fairly basic function for them to add.

Thanks for requesting some updates about this feature request, Darcy.

We recognize the urgency to be able to update closing dates at your preference.

For now, there isn't still an update about this. I want you to know that the changes in the program is released based on certain several factors. We're unable to provide the turnaround time on when new features are released in QuickBooks, since this is handled by the Developers Team.

Please know that you can continue sharing your suggestion to our developers. Follow the steps below in a web browser:

1. Click the Gear icon and choose Feedback.
2. Enter your suggestion for our engineers on the Feedback box.
3. Once done, press Next to send it.

All our program features and enhancements are launched and created with you in mind. To be updated with the recent and upcoming changes for QuickBooks products, visit these sites:

• QuickBooks New Features and Innovations
• What's New in QBO?

Thanks for visiting us today, please comeback to this page for updates and additional assistance. I'll be right here to help you also, just mention me anytime.