My year end is end of Oct but it has defaulted to Dec year end so I have retained earnings b/f and profit for year on balance sheet. Whereas it should be profit for yr

Hello there, hayley_0407.

To verify your concern, do you want to change the financial year to specify the start date of your reports? If so, you can follow these steps:

1. Go to the Gear > Account and settings.
2. On the left panel, click Advanced.
3. In the Accounting section, select the month from the First month of financial year drop-down menu.
4. Choose the First month of tax year from the drop-down list.
5. Hit Save and then Done.

Once done, you can go to the Reports page and open the Balance Sheet report. You will see default date will change from This Year-to-Date to This Financial Year-to-Date.

Please see these sample screenshots for a visual guide:

You can also read these articles for more information:

• Customise company and financial reports
• How to view your Retained Earnings account

If you're referring to something else, please leave a reply below and I'll get back to you as soon as I can. Thanks.