Use this window to select the first month of the 12-month period during which you will track your finances.
Many businesses use January as the first month of their fiscal year to coincide with their income tax year, which
also makes it easier to prepare their company's income tax statement.
QuickBooks uses your selection to set the default date range for certain reports and graphs.
You can choose a month other than January if your business is seasonal and does not match the calendar year.
Can I change the first month of my fiscal year later?
Yes, your QuickBooks Administrator can change your fiscal year and income tax year settings at any time.
Yes. However, if you assigned any tax lines, you need to reassign them after you change the income tax form.