How do you change the fiscal year in QuickBooks Online?

Changing the fiscal year in QuickBooks Online is accomplished effectively through the Company Settings, specifically under the "Advanced" tab. This section allows users to set preferences regarding the company's accounting period, including the fiscal year. By navigating to these settings, users can modify the start and end dates of the fiscal year to meet their business needs.

This functional feature can be crucial for businesses that may need to align their financial reporting periods based on their operational requirements or renewal agreements.

Other options may suggest alternative methods or actions that do not apply within QuickBooks Online's user interface, leading to confusion. Therefore, knowing where to properly locate and adjust these settings is essential for maintaining accurate financial records and ensuring compliance with financial reporting standards.