QB Issue Resolution:

Last physical year to date in reality means last physical year to todays date last year. To get what you’re looking for edit the date.

Resolution for Issue 'reports last fiscal year to current date; does go to the current date.' available: Yes (Solved).
Source: Intuit Community forum.

reports last fiscal year to current date; does go to the current date.: 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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