My fiscal year begins every June 1st.
I've used QB 2004 pro in the past and simply created an "accountant's copy" backup every year on June 1st, and sent it to my accounting person.
This year I'm using QB 2010 pro and when I want to create an accountant's copy, QB wants me to enter a cut-off date that seems to define a day when I can no longer change things in my old QB data, but my accountant still can. I would be able to change things after this cut-off date, but not before.
This sounds easy enough, I just tell QB that the cut-off would happen at midnight of May 31.
The question I have is: QB is prompting me to choose a date that is a few weeks into the next fiscal year. I don't understand this at all.
What should I do about choosing the cur-off date?
Thank you for any help,
Sardine