I need to adjust our budget and reporting for fiscal year change...

Srenna · ‎August 14, 2024

I need to adjust our budget and reporting either to 13-months or use a one-month fiscal year; this is to reset our fiscal year from starting July 1st to now starting August 1st. How can I do either of these in Quickbooks Desktop?

Srenna · ‎August 14, 2024

I found out how to do this by contacting Quickbooks Chat Support.

1) back up file before changing fiscal year

2) Change the first month of the fiscal year

In my situation, since I am changing from July to August, I will wait until July is fully posted and reconciled, then change the start date to August. I can still access July through custom dates in reports. Then my new fiscal will be August to July. In order to show leadership the 13-month year, I can create an excel spreadsheet for the 13-months, with July reports and new fiscal reports added together.

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Srenna · ‎August 14, 2024

I found out how to do this by contacting Quickbooks Chat Support.

1) back up file before changing fiscal year

2) Change the first month of the fiscal year

In my situation, since I am changing from July to August, I will wait until July is fully posted and reconciled, then change the start date to August. I can still access July through custom dates in reports. Then my new fiscal will be August to July. In order to show leadership the 13-month year, I can create an excel spreadsheet for the 13-months, with July reports and new fiscal reports added together.

FaithA · ‎August 14, 2024

I appreciate your proactive approach, Srenna.

Thank you for sharing the steps you've taken to adjust your budget and reporting for fiscal year change. I'm glad you were able to work around this.

I also want to share this helpful article that dives deep into successful year-end planning. Feel free to explore it anytime. It's definitely worth a coffee break: QuickBooks Desktop Year End Guide.

If you need further assistance in adjusting your budget and reporting for fiscal year change, I encourage you to reply on this thread. I'll stay tuned for your updates. Take care and have an awesome day ahead!

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I need to adjust our budget and reporting for fiscal year change...