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Replying to:
Rainflurry
Level 15

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@dbacc 

 

Under Accounts and Settings > Advanced > Accounting, did you also update the 'First month of income tax year' to be the 'Same as fiscal year'?  I recreated your issue and it worked for me - it booked the net income through 6-30-22 to RE on 7-1-22, with no entry to RE as of 1-1-22.

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