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Feb 2, 2021 12:03 AM UTC
Question

Start a new year

Hi,

 

I use to use MYOB and after every financial year i would start a new year.  

 

Do i do this with quickbooks or do i just keep going?

1 reply

Feb 2, 2021 1:00 AM UTC

Hi Meltonks24,

 

Thank you so much for your question and welcome to the QuickBooks family!

 

At the End of Financial Year, you will need to Close your Books. 

 

When you're ready to close out the year, closing your books to prevents unwanted changes before filing your taxes.

 

Here's a couple of articles that can help you with this: 

Close your books in QuickBooks Online

Year-end Guide and Checklist - Business Owners

 

Thank you,

Georgia