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.
This article contains the following topics. Select a link to skip straight to that section:
- What are accounting dates in FreeAgent?
- Business start date
- First accounting year end date
- FreeAgent start date
- Viewing or editing your accounting dates in FreeAgent
What are accounting dates in FreeAgent?
When you set up your FreeAgent account, you'll need to enter a business start date, first 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'.
Here you can view your business’s accounting dates and edit them if necessary.
You can change your first accounting year end date as long as there are no account locks in place.