Need to change from fiscal year to calendar year for 2024 - how difficult is this?
Need to change from fiscal year to calendar year for 2024 - how difficult is this?
Hi Janet -- your company has to be rebuilt (i.e. create a new data file) in order to change the fiscal year and how difficult this is can vary depending on a variety of factors in your dataset. If you'd like to discuss feel free to give us a call 800-339-8224. Thanks ... Tim
Hi Janet,
Good news!
We can do this without rebuilding the file. All data is preserved.
We can send you a worksheet to identify how you want your data shifted. You will have to file a short year tax return in this process. The cost is less than $1000.
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Please reach out for more information.
I'm not sure how to determine the difficulty level but if you are not comfortable with exporting and importing data into a new database I would recommend seeking professional assistance with this. Here is a link from our client knowlegebase on how to change the "Fiscal" year of a Sage 50 company... Be sure to read the steps carefully and follow the steps strictly for changing the Fiscal Year: How to change Fiscal Year or Accounting Method (sage.com)
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