Hi Donna

Short answer - yes it's possible and no you can't just edit the periods.

You can't extend a fiscal year beyond 12 periods, so I am assuming that what the owners really want to do is to make FY 2021 into a 3-month (short) year. But it's already June, so does that mean that the short fiscal year already ended?

I don't understand the relevance of the sentence "We have transactions from April 2020". Did you mean April 2021?

There are many possible scenarios for changing the fiscal year, some easy and some difficult, depending on where your Ledger data stands. You need to have your Adagio consultant help you, and if they have questions have them contact me at steve@sschwartzcpa.com

Just so you know, no matter what the scenario, you will not be able to get meaningful comparative financial statements that include the short year without a lot of effort.

Steve