QuickBooks Online (QBO) follows the regular calendar of the year, thus it recognises the 29th day of February 2020 so you'll have an accurate record of your data. Let me share with you a few information about this.
But before we start, are you getting any error message when selecting the exact date once you'll enter a transaction?
If so, QBO automatically synchronizes the calendar date with the server. This ensures that the 29th day of February 2020 exact date is being recognized.
I have these Help Article in case you have other questions about QuickBooks Online (QBO).
Let me know if you have other questions. I'm always right here to help.
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