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July 24, 2022
Question

I want to close the books and start working in the ne year. After the audit, can I edit the close books an enter the audit journals?

  • July 24, 2022
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1 reply

July 24, 2022

Yes, you can close the books and edit them if you need to, angie-accountsol.

 

Closing your books prevents anyone from updating your accounting data before the closing date. Ensure to review your accounts. 

 

Here are the steps to close your books:

 

  1. Go to Settings and select Account and settings.
  2. Choose the Advanced tab.
  3. Click on the Edit pencil icon.
  4. Select 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 dropdown menu if you want to require a password before editing your closed books.
  7. Select Save and then Done.

 

Check this article to learn more about the process: Close your books in Quickbooks Online.

 

As for editing your closed books, you can refer to this link for more details: Edit your closed books.

 

I also encourage you to visit our QuickBooks Help page. From there, you learn tips and browse articles that can help you with future tasks in QBO.

 

As always, you can post your concerns here if you need help again in the future.