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November 12, 2019
Question

Is it possible to shorten your accounting period?We have recently shortened the accounting reference date of our UK based company (via companies house)

  • November 12, 2019
  • 1 reply
  • 1 view
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1 reply

JamesC
Level 5
November 12, 2019


Hey Craig26,

 

Thank you for joining us on the UK community for QuickBooks Online.

 

There is not a way to set the system up in such a way to automatically recognise your shorter accounting period. However, you are able to set the starting of the accounting period - and then any reports you run, P +L, Balance Sheet or Trial Balance - modify the end date of that period on the report itself; to show the information you require.

When you do your Final Accounts - this will be done based on the time-period you select in these reports; so you can still achieve the correct end result.