Changing the Fiscal Year End Date does not change any data. The data remains intact. Only the Report Dates are affected. For instance: The Fiscal Year End date is changed from April to December. Moving forward, any report where a Fiscal Year End Date is requested, the report will display transactions between December 1, 2014 and November 30, 2015. If you wish to see reports using the previous Fiscal Year End Date, the date parameters must be entered manually (not using the Fiscal Year End option). For instance: date parameters of From: May 1, 2013 To: April 30, 2014 would be entered in the date fields.

Changing the fiscal year end date has repercussions. According to CRA regulations, a fiscal reporting period cannot be longer than 12 months. Changing the date from April to December would require Interim Financial Statements. You should enlist the assistance of your own professional accountant.