QuickBooks accounting software can be used to track the finances of the business. To get this job done, it is important to change start date in QuickBooks account. Those who are planning to set up the business can take advantage of QuickBooks as it takes the date automatically when you start the program. The great fact about this process is that you do not need to enter the previous transactions. If you are wondering how to change company start date in QuickBooks, read this guide to get in-depth details.
In this detailed guide, we will show you how to change start date in QuickBooks. Along with this, we will teach you to change the vendor transaction dates, customer dates, or job transactions in the QuickBooks account.
QuickBooks Start Date determines what details are going to be added from the previous system. Before you proceed further to change start date in QuickBooks, we suggest you consider the following:
To find out the answer to the aforementioned questions, one should choose the appropriate start date. If you want to use the payroll feature then make sure you consider the start date which comes at the quarter’s end of the calendar.
But, if the fiscal year is ending, we suggest you let the year pass by utilizing the old bookkeeping system. After that, you can use QuickBooks when the new fiscal year starts. By doing so, you can receive the start date that changed later. It also determines the maximum part of the setup process. With this process, you can easily get the start date and can change it later as needed.
To change start date in QuickBooks, you are required to follow a series of steps. For instance, you need to navigate to the Lists menu, click on the Chart of Account, and select the Opening Bal Equity account. Once you have the access to the register, you can easily change the date of your transaction that has a memo.
For your convenience, we are explaining each step properly:
Similarly, you can find the other item modifications that are not associated with the opening balance. This is how you can change the start date in QuickBooks.
If you want to change the customer dates or job transactions, this can be done via the Customer Center section. All you have to do is open the transaction tab, select the type of transaction you want to change, click on the Edit button and change the date. Make sure you don’t forget to save the applied changes.
Let’s have a look at the following steps for how to change company start date in QuickBooks:
By implementing these steps, you can easily change the date of a customer or job transaction in QuickBooks.
To edit the vendor transaction dates, one has to go through the Vendors section and pick the Vendor Center. From the Vendor tab, select the relevant vendor for which you want to edit the date. By selecting the right date, you can save the details. Let us show you how to do this:
After selecting the new date, you can save the details. This way you can easily edit the date for the vendor transaction in QuickBooks.
Changing the start date in QuickBooks is easy. If you prefer to edit the start date, you can do it from the Chart of Accounts section. If required, you can edit the vendor transaction dates, customer dates, or job transactions in the QuickBooks account. There can be instances when you receive the error while changing the start date. If so, you should adjust the count of dates.
Those who want to change the closing date password or reconciliation date in QuickBooks can go through the following guides: