intuit quickbooks pro 2014 close year end

This way the client can call and discuss any changes they want to make in the file and we can determine if the changes will require an amended financial statement and/or tax return. When I set the Closing Date for a client, I use my phone number as the password. Accountants can also set a Closing Date before returning an “Accountant’s Copy” changes. Some accountants set a Closing Date each month after issuing financial statements. The system keeps the last Closing Date entered. In future years, just update the Closing Date. This feature protects the integrity of the prior period books and records. This Closing Date does not remove transactions, it just prevents them from being edited. However, it is suggested that after reconciling the books you enter a “Closing Date” which will prevent you from modifying the previous year transactions unless you enter the Closing Date password. How do I close the year in my QuickBooks file?Īnswer: You don’t! QuickBooks company files do not require or support a year-end close process. Since I frequently hear the same three questions about QuickBooks Desktop at the start of every new year, I thought I’d share these most-asked QuickBooks year end questions (and answers) with you!ġ. QuickBooks Year End Questions & Answers By Surgent CPE January 8, 2018

Intuit quickbooks pro 2014 close year end