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execdirector3
Level 1

How can I change our fiscal year end?

Our board just changed our year end from 8/31 to 6/31. Our last fiscal year will be ten months. How do I reflect that in QBO?
2 Comments 2
JessT
Moderator

How can I change our fiscal year end?

Hi execdirector3,

 

Thank you for taking the time to post today about the end of a fiscal year.

 

We can only change the start of a fiscal year in QBO, not the end. If you run reports, you can manually change the date range to only cover a 10-month amount of data.

 

You can also check about customizing reports for your additional reference.

 

Let me know if you have other questions about changing your settings or anything about QBO. Take care!

execdirector3
Level 1

How can I change our fiscal year end?

So if I understand correctly, we will have fiscal years overlapping in QBO?  Any reports we run for 2020-2021 need to be filtered to be run only through 6/30?  But the new fiscal year, starting 7/01, will be fine?  I just change the fiscal year start date and it's that simple?  

 

I assume this would also affect all prior fiscal years - if we need to run reports for history or comparison we would have to change the report dates?  Not great, QBO!

 

Thanks,

 

Kathy

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