Hi culture,
Customizing the Balance Sheet report date will cause an issue as it'll open the last year's net income. You'll want to change your financial year to the month of July to show the correct net income amount.
Here's how.
- Click the Gear icon on the upper right corner.
- Go to the Advanced tab.
- Under the Accounting section, click the pencil icon on the right part.
- Change the First month of fiscal year option to July.

- Click Save and Done.
Once done, make sure to select tLast Fiscal Year.

For future reference, you can have a snapshot of your business from your financial report. Here's an article for more information: Run Reports in QuickBooks Online.
Feel free to let us know if you need further assistance. I'm always right here to help.