Accounting dates in FreeAgent

This article explains what accounting dates are and how to view or edit your business’s accounting dates in FreeAgent.

You’ll need to have full (level 8 access) to your FreeAgent account to be able to view or edit accounting dates in FreeAgent.

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What are accounting dates in FreeAgent?

When you set up your FreeAgent account, you'll need to enter a business start datefirst accounting year end date and FreeAgent start date.

Business start date

The Company Start Date is the day that your business officially started.

First accounting year end date

The First Accounting Year End Date is the date that you want FreeAgent to prepare your first accounting year to.

The date that you enter as your First Accounting Year End Date will be used by FreeAgent to set the year end for future years too. For example, if your first accounting year ended on 30th June one year, FreeAgent will prepare your accounting reports to 30th June each following year.

Please note that you can change your first accounting year end date as long as there are no account locks in place, or change of accounting periods.

FreeAgent start date

The FreeAgent Start Date is the date from which you're going to start keeping your books in FreeAgent. Your choice of date will depend on whether your business is new or existing.

If your business is new or if you’ve been trading for less than a year, you may decide to start keeping your books in FreeAgent from the start date of your business. If you’ve been trading for longer, you may choose the start of the most recent accounting year.

Viewing or editing your accounting dates in FreeAgent

To view your accounting dates in FreeAgent, select 'Settings' from the drop-down menu under your business name and then select 'Accounting Dates'.

Accounting Dates highlighted within Accounting, Tax & VAT section of Settings page..png

Here you can view your business’s accounting dates and edit them if necessary.

Accounting Dates page with date selection boxes for company start and year end dates..png

You can change your first accounting year end date as long as there are no account locks in place.

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