Virtually all reports in QuickBooks have date range option and most of the date ranges can be defaulted to a FISCAL YEAR. However, as QuickBooks itself does not have any month-end, quarter-end or year-end accounting procedures that are mandatory, many of our clients are confused about where to setup and configure the Fiscal Year. This setting will be used by the system to calculate the proper date range values when you select to print a report for your current Fiscal Year.
Select – COMPANY – MY COMPANY and click on the PENCIL icon on the top right-hand side of the window.
A COMPANY INFORMATION window will open and you must select the REPORT INFORMATION option in QuickBooks 2016.
In this window, you can define the months which mark the first month for Tax reporting and for Fiscal Year definitions.
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