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I just finished creating a QB deposits/withdrawal record for FY 7/1/16-6/30/17 for my company. How do I create a new record for the next fiscal yer (7/1/17-6/30/18)?

 
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QuickBooks Team

I just finished creating a QB deposits/withdrawal record for FY 7/1/16-6/30/17 for my company. How do I create a new record for the next fiscal yer (7/1/17-6/30/18)?

It's my pleasure to walk you through the steps, @wmaffucci.

 

You'll have to close your books first for FY 7/1/16-6/30/17 to record your transactions for the next fiscal year. 

 

Then, you can change the fiscal year in QuickBooks by following the steps below.

 

Here's how:

  1. Go to Company, select My Company.
  2. In the COMPANY INFORMATION box, hit the Pencil icon.
  3. Choose the Report Information tab.
  4. Change the Fiscal Year and Income Tax Form Used. 
  5. Tap OK.

Once done, you can check any reports to verify if the updated fiscal date will appear and correct. 

 

Please check this article to know more about the important task that needs to complete for the upcoming year-end: QuickBooks year-end guide.

 

I'll be more than happy to share additional insight and help whenever you need one. Please leave a comment below. Have a good day.

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