First Month of Fiscal Year

The month that you designate as First Month of Fiscal Year determines the 12-month period that is defined as your fiscal year for financial statement reporting. 

ObjAcct supports a 12-month year that starts and ends on the first and last day of a calendar month. You can change this year-end at any time. 

Form 1099 is calculated on a calendar year regardless of your company's fiscal year.