Closing Year End for Quickbooks but previous fiscal not finished
Hi,
I'm wondering if it's possible to close the year end even though I haven't completed the previous fiscal year.
If so, how would I do this? Step-by-step help please. =)
I'm not new to QB but I haven't used it in about 2 years.
Current version I have is QB pro 2009 Canadian edition.
Thanks,
Victor
I'm wondering if it's possible to close the year end even though I haven't completed the previous fiscal year.
If so, how would I do this? Step-by-step help please. =)
I'm not new to QB but I haven't used it in about 2 years.
Current version I have is QB pro 2009 Canadian edition.
Thanks,
Victor
Tony Giangreco
How can you close the current year and keep a previous year open. I don't see anything in QB alowing that to occur.
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ASKER
Hi,
I wanted to close the year end for the accountant. I have some data to enter still. I'm taking over some other bookkeeper's job. It seems you're correct about QB not caring about the previous year, stlinae. I was reading it up in the community forums of QB and they all say the same thing. I recall that when I had to enter some data of the previous fiscal year that I had to enter my password. This does change the Assets, Liabilities and Equity portions of the new year as I understand.
But I'm wondering what do I need to do in QB to "tidy" things up and "close" the year end. I'm reading that, traditionally, if I was to manually bookkeep then I would need to close the year end. I don't know what that entails for QB though (if any) or is it all automated for me?
I wanted to close the year end for the accountant. I have some data to enter still. I'm taking over some other bookkeeper's job. It seems you're correct about QB not caring about the previous year, stlinae. I was reading it up in the community forums of QB and they all say the same thing. I recall that when I had to enter some data of the previous fiscal year that I had to enter my password. This does change the Assets, Liabilities and Equity portions of the new year as I understand.
But I'm wondering what do I need to do in QB to "tidy" things up and "close" the year end. I'm reading that, traditionally, if I was to manually bookkeep then I would need to close the year end. I don't know what that entails for QB though (if any) or is it all automated for me?
ASKER
Thank you.