That is correct. QB does not have a hard close for year-end. When you reach the Year-End date entered in your Company Information screen, QB automatically does yearend behind the scenes (Retained Earnings are rolled over into Equity). So, if the Yearend date in the company information screen is April, changing the date to a June Yearend in a financial report only (like P & L) will report different figures. Make sure you have entered your new yearend date in the Company Information screen. Then in reports, select This Fiscal Year as the date parameters.
