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The fiscal (financial)yearis the mainreportingperiod in accounting.

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Trial balance will show results from January 2024 to May 2024 (fiscal year):

Problem: How to change the fiscal year starts

Example: from June 

Solution: Set up needful Entity's fiscal year starts

Go Accounting - Entities:

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After applied changes, opened from May 2024 Statement of financial position (balance sheet) Trial Balance will show period from June 2023 to May 2024:



Thank you

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for being a FirstBIT customer!