QB Issue Resolution:

I can provide you with some details about your concerns with your Year-End Date.

 

Closing your books means that you can no longer change any data entered in your previous fiscal year. This allows you to enter a password to ensure that no changes happen.

 

Changing the first month of your fiscal year doesn’t affect your balances. Thus, you can change it from your Accounts and Settings.

 

In addition, you may need to close your books first before changing the first month of your fiscal year.

 

Also, there’s no need to create a new company to have the correct fiscal year recording. Your balances won’t be affected if you change your settings.

 

To close your books, you can follow the steps below:

  1. Click on the Gear icon.
  2. Choose Accounts and Settings.
  3. Click on the Advanced tab.
  4. Select the Accounting section.
  5. Tick on Close the books checkbox.
  6. Enter the Closing date and Password.
  7. Click on Save.

To change the month, here’s how:

  1. From the Accounting section, select the month.
  2. Click on Save.

You may read this article for more information: How to Close the Books?

 

Resolution for Issue 'Changing a Fiscal Year End Date part way through current fiscal year' available: Yes (Solved).
Source: Intuit Community forum.

Changing a Fiscal Year End Date part way through current fiscal year: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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