I am setting up a new company file, in order to create/use a new COA. The new file will start at our new fiscal year, which is 12/1/20. We use enhanced payroll in a non-profit setting. How do I handle YTD information for employees so the fiscal year reporting is correct (W-2, 941)?
Thanks for bringing your concern to the Community page.
You’ll want to enter historical data in QuickBooks Desktop to ensure year-to-date amounts and reporting for the current year is correct. You can use the Payroll Setup window to accomplish this. Here’s how: