Accounting dates in FreeAgent
This article explains what accounting dates are and how to view or edit your business’s accounting dates in FreeAgent.
What are accounting dates in FreeAgent?
Company 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.
If you’re unsure which date to choose, please speak to your accountant.
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 2021, FreeAgent will prepare your accounting reports to 30th June 2022, 30th June 2023 etc.
Please note that you can change your first accounting year end date as long as there are no account locks in place but FreeAgent doesn't currently support changing subsequent accounting year end dates.
FreeAgent start date
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 in the top-right corner and then select 'Accounting Dates'.
Here you can view your business’s accounting dates and edit them if necessary.