With the introduction of QuickBooks accounting software in the market, it has made the path easy for small and medium-sized business. It is because QuickBooks help these businesses to create their Balance Sheet. But, it is possible Balance sheet report created in QuickBooks won’t match with your register report. The reason could be the difference between your company’s fiscal year and the calendar year. The Balance Sheet created in QuickBooks runs on a calendar year. Due to this, it will create discrepancies between the two. QuickBooks Support will assist you to resolve this issue.
QuickBooks Support suggests you change the date of the Balance Sheet Report so that it can match with your company’s fiscal year or vice versa.
The QuickBooks Support suggests the following steps to change the Date of the Report:
- Open the Balance Sheet Report.
- Select Customize.
- Pick the Transaction Dates
- Click on Run Report.
Follow the given below steps to Change the fiscal year in your QuickBooks Online company:
- Go to the Gear.
- Click on Account and Settings.
- On the left menu, Select Advanced.
- Click the pencil icon next to the First month of the fiscal year in the Accounting area.
- Choose the First month of income tax year to be the first month of your fiscal year or to start in January.
Following the above steps carefully will help you to match your QuickBooks Balance sheet Report and Register reports. If the problem still persists, you may contact QuickBooks Customer Support by dialing us @ +1-800-290-0629 and talk to our QuickBooks Technical Support 24/7. You can also post your other queries to get answers from other business owners.