Check the financial year-end
Open Entities, select the entity and open Master and financial data.
Scroll to Financial year-ends overview. It shows the current financial year-end, the date it applies from and the financial years it covers.
Loctax uses the financial year-end to set the periods and deadlines of the entity's annual obligations, such as corporate tax and the statutory accounts.
Update it
Select Update financial year-ends and choose the new month and day.
If the change applies to every year, keep For all financial years. If it only applies from a certain year, select From a specific year.
For an irregular year, the first financial year after the change is shorter or longer than twelve months. Select that year and choose it as the first non-standard financial year.
Select Save and confirm.
Good to know
Data and documents already entered for that first financial year are removed, and this can't be undone, so check the dates first.
Earlier years keep their own year-end, and the overview shows both.
Above the overview, Financial year data shows the figures for each year, such as turnover and profit before tax, with the accounts as documents. Choose the year at the top of the section.