Skip to main content
A
Assem ZH
November 29, 2024
Question

Closing of past periods (for 4 years)

  • November 29, 2024
  • 1 reply
  • 0 views

I recently created a QuickBooks account and want to record transactions starting from 2019. After completing 2019, I plan to close that period, then proceed to post transactions for 2020, and continue this process sequentially up to the current period. Is this possible?

And I want to know the appropriate posting date for transactions entered for prior years (e.g., 2019). Additionally, is it possible to differentiate between the transaction date and the date when the journal entry is created in QuickBooks?

1 reply

T
Trish_T
November 29, 2024

Hi Assem ZH,

 

Welcome to the QuickBooks family!  To ensure your books are accurate and up to date, QuickBooks Online provides the ability to upload your transactions in one batch.  This is a valuable time saver, so you can reconcile your accounts effortlessly!

 

Please follow this link, for our step-by-step guide.  Since you're looking to upload transactions dating back to 2019, you may need to reach out to your bank, to access historical information dating back to that time.  I would also like to add these helpful articles, so you have them for your reference;

 

Common questions about importing data in QuickBooks Online

Enter and manage opening balances in QuickBooks Online

Learn the reconciliation workflow

File sales tax in QuickBooks Online

Close your books in QuickBooks Online

 

Should require assistance, please don't hesitate to contact our Customer Care team at 1-855-253-1536 from Monday to Friday between the hours of 9 AM and 8 PM EST.  With your consent, they can connect with you virtually, and navigate through the processes with you in real time.

 

Feel free to reach out again, if you have any other questions.  We would be glad to help!

Terms & ConditionsAccessibility statement