Hello and welcome to the Community, sarah197
The issue with the financial year reporting options not displaying on the dashboard widget has been reported to our Product team for investigation.
While we work to restore the feature, please run the report from the Reports list (Take me there) where the full FY options are available.
If you would like to contact our support team for updates, the reference is INV-108406. I'm just a post away if you have further questions or require additional assistance.