Change from a fiscal year end to a calendar year end

Do the following to change from a fiscal year end to a calendar year end.
  1. In the existing client, complete the
    Tax year beginning
    field in the
    1120
    screen in the
    General
    folder.
  2. Change the
    Tax year ending
    field in the
    1120
    screen to the calendar year end date.
If the corporation has asset information entered in the asset module, enter the prior fiscal year end date in the
Most recent
field in the
1120
screen. You'll also need to open the asset module and select
Tasks
, then
Calculate all assets
to calculate short-year depreciation on all assets.
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