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April 9, 2021
Question

My year end is 5 April. How can I set this in QB

  • April 9, 2021
  • 1 reply
  • 0 views
I have no choice about the date - it is a statutory requirement

1 reply

MariaSoledadG
April 9, 2021

Let me guide you on how you can set your year-end, wpbcharles-aol-c.

 

Closing your books ensures everything stays the way you want it to. This also prevents any accidental changes that could affect your financial reports.To set a year-end date in QuickBooks Online, follow the steps below.

  1. Click the Gear ⚙ icon, then select Accounts and Settings.
  2. Select the Advanced tab.
  3. Select Edit ✎ in the Accounting section.
  4. Select the Close the books checkbox.
  5. Enter a closing date. Give yourself a comfortable deadline. You shouldn't need to edit any transactions before this date. Your new bookkeeping work will start after this point.
  6. Select the Allow changes after viewing a warning and entering a password option from the drop-down menu if you want to require a password before editing your closed books.
  7. Select Save and then Done.

You'll want to refer to the QuickBooks Online year-end guide and checklist to complete year-end tasks and end the year smoothly.

 

Feel free to let us know if you have any questions about year-end. The Community has always your back to help you.