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Welcome to Community, @clubretreatvineet.
I'll share some information about creating a new company. In QuickBooks Online, you'll have to sign up for a new subscription to create new company file.
To sign up, please visit our website. Here's the link: Intuit QuickBooks.
Just make sure to select your country of origin before subscribing.
Furthermore, if you wish to set a new fiscal year with your existing account, you'll want to set the fiscal starting month. Here's how:
- Go to Gear.
- Choose Company and Settings.
- Hover towards the Advanced tab, then tap the Pencil icon in the Accounting section.
- Update your starting fiscal year's info.
- Click Save and then Done.
Additionally, here's a link that contains topics with articles to help you manage your QuickBooks Online-International.
Please know that you're always welcome to swing by anytime if you have other questions about your QuickBooks account. I'm more than happy to assist you. Take care and have nice day ahead.