Changing year end date

I have a client who previously had a year end of November 30th.  The year end is now changed.  The new year end is July 31st.  This changed quite a while ago but was not changed in Simply.  The clients first year that has a year end of July 31st is July 2015.  Therefore their year start is August 1st 2014 and year end is July 31 2015.  My client has completed bookkeeping up to November 30 2014 with out changing the year end.  The system still thinks the year end is November.  I believe this can't be changed as there have been entries made after July am I correct?  Also is there a way to export the data from July - November and reimport it once the year is rolled forward if we are unable to change the year end date?

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    Corey Wirth said:
    I believe this can't be changed as there have been entries made after July am I correct?

    Yes, a fiscal year end can only be moved back to as early as the latest transaction. If you start a new fiscal year at December 1, it can end anywhere from December 2 through next November 30.  You will be able to set the end of the new year to July 31, 2015.

    The best you can do from here is to start another year and make it a short year ending July 31.   For one fiscal year the client will have to run multiple period reports for income statements and add them together.  (This might be easier to do using Caseware than Excel)  The next year after that will be a full year.

    Corey Wirth said:
    Also is there a way to export the data from July - November and reimport it once the year is rolled forward if we are unable to change the year end date?

    Not within the software.  I believe I have read that Code Six (www.code-six.com) has some software tools that allow them to reorganize the data so that fiscal years can be changed.  The owner and programmer at Code Six has passed away.

    Sage 50 has some import capability, but there is no easy way to export all the data in a format that it can be imported from.

    One reason not to build such a capability is that it would make perpetrating a fraud as easy as exporting all the data, fiddling with it, then importing it all back in.  This is alright (and desirable) in personal finance software, but not for business software where controls are needed.