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New company for new fiscal year

Asked by: 284 views QuickBooks Performance Issues & Program Errors

Our fiscal year ends March 31st. I wanted to start a “new” company file for the next fiscal year. Is that advisable? and How does that effect my payroll data which is on a calendar year? (i.e W2’s etc)

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  1. Clive Owen on Nov 05, 2015 reply

    There’s no need to start a new file unless there are problems with the old file. If you do, you would have to enter the YTD payroll info in the payroll set up wizard.

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