We are a restaurant company using a 13-period system for our fiscal year, so our fiscal year starts and ends on a different day each year. On Quickbooks online it appears that it is not possible to begin a fiscal year on a specific date (i.e. 12/29/19) - the only setting is to choose a beginning month, but the year will always begin on the first of that month (i.e. 12/1/19). I was told by a support rep that it IS possible to start the fiscal year on a specific date in Quickbooks Desktop, but from reading a few other threads it appears that may be incorrect. Can anyone tell me if it is possible to designate a specific date other than the first of a month to begin our fiscal year if we use Quickbooks Desktop?
I've given this feedback before, but again, I'm reaching out because it's causing constant conflicts when working with my CPA. My clients Specific year-end falls inside the month, not the beginning or end. Being unable to specify the exact date of YE within Quickbooks Online always gives errors on reporting. The sooner this can be fixed in QBO the better. Thank you, Bonnie