Automatically Change Fiscal Years in QuickBooks With This Trick
Ask the Accountant…
Question: When I am in QuickBooks, I have to change dates every time I try to run reports. Our year is July 1 to June 30. How do I change that so that our fiscal year is automatic?
Answer: In QuickBooks Desktop (Pro, Premier or Enterprise), go to "Company" > "My Company" > "Edit" by clicking pencil icon in top right hand corner. Click “Report Information” on list on left of the screen, enter the first month in your fiscal year.
In QuickBooks Online, click "Big Gear" in the top right of the screen, click “Company Settings” in the “Settings” column, click “Advanced” at the bottom of the options on the left of the screen. In the "Accounting" section at the top of the screen, enter the first month of your fiscal year.
Harriet Gatter is a QuickBooks ProAdvisor, a former accounting professor and a former ad specialty distributor of 23 years. She advises ad specialty distributors about using QuickBooks Premier & Enterprise, and SAGE Online to save time, eliminate errors, and correctly account for your business. Her specialty is converting distributors from ProfitMaker, SmartBooks, OrderMaster, AIA, and other accounting systems.
HGatter@AccountingSupportLLC.com www.AccountingSupportLLC.com
Please email accounting questions you would like considered for the column to HGatter@AccountingSupportLLC.com with the subject line of "Ask the Accountant".
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Harriet Gatter, owner of Accounting Support LLC, was an ad specialty distributor for 23 years and an adjunct professor of accounting at Neumann University. She sold her ad specialty business in 2012, became certified as a QuickBooks ProAdvisor, and now works exclusively with ad specialty distributors nationwide on their QuickBooks, order management and accounting needs.
