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M
Mark808
March 31, 2022
Solved

hi, I'm using QB self employed, but how do I run my year end to start a new trading year,

  • March 31, 2022
  • 1 reply
  • 0 views

So, trying to run my year end to start a new trading year, I've followed the instructions

I goto settings but can't find "account and settings" to click on 🙅‍♂️

Best answer by Jen_D

It's good to have you here again, Mark.

 

I'm joining in the thread to share additional insights about this Self-Employed concern.

 

The Self-Employed program doesn't have the option to close books as it doesn't have Chart of Accounts to record balances. Therefore, you can continue using it as it is without closing. The system will separate them when you pull up the reports and choosing the period you want to view.

 

I'm leaving the following links to help your way around QBSE:

 

Please post here again if you need further help with the tasks in QBSE. I'll be right here to have you here

1 reply

LieraMarie_A
LieraMarie_A
March 31, 2022

Hi there, @Mark808. 

 

Being able to close your books would be awesome as it prevents accidental changes to your past transactions. For now, this feature is only available in QuickBooks Online. Rest assured that I'll relay this message to our team in concern here on my end and add your vote for this one. 

 

You can also share your thoughts and ideas through your account. Our product development team reviews all the feedback we receive to ensure we’re meeting the needs of our customers.

 

Here's how:

  1. Go to the Assistant feature.
  2. Type in Submit Feedback.
  3. Choose Add a feature.
  4. Enter your suggestions.

 

You can also check out our QuickBooks Self-Employed annual tax guide to help you prepare your taxes. 

 

Visit us again if you have other concerns about managing your books, @Mark808. We're always here to help.

M
Mark808Author
March 31, 2022

so I just keep using it for the next year and it will automatically separate my New Years trading for this years ?

Jen_D
Jen_DAnswer
March 31, 2022

It's good to have you here again, Mark.

 

I'm joining in the thread to share additional insights about this Self-Employed concern.

 

The Self-Employed program doesn't have the option to close books as it doesn't have Chart of Accounts to record balances. Therefore, you can continue using it as it is without closing. The system will separate them when you pull up the reports and choosing the period you want to view.

 

I'm leaving the following links to help your way around QBSE:

 

Please post here again if you need further help with the tasks in QBSE. I'll be right here to have you here

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