How do I “Close the books” for a given month so no further transactions can be posted in new QuickBooks Online?

Accounting Close Date Setup

From the Home page screen

Click the Company gear in the upper right of your Home screen
Choose Company Settings from the dropdown
Click Advanced on the left
Click in the Accounting section (it’s at the top of the page)
Check the box for Close the books
Enter a Closing date
They offer 2 selections from the dropdown selector

a) Allow changes after viewing a warning
b) Allow changes after viewing a warning and entering password

Select One based on your accounting security need. Selection with password will protect more since password is assigned here by the admin.
Click Save
Click Done

Accounting Close Date Warning

Accounting Close Date Warning with Password

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Posted

March 31, 2014

in

Close the books, Company Gear, Company Settings, Year End

by

admin

Tags:

Accounting, close the books, close the books on, firs month of fiscal year, first month of income tax year, security deposit 2