What does closing the books mean?

Many businesses struggle to complete their tax-filing and accounting process at the end of every fiscal year. Working with tax preparers can take additional time to get the work done. Small companies might not understand the reason for closing books. Locked down closing can create confusion and frustration. QuickBooks is a practical accounting application and it has a closing date password feature. Using the password, you can change the prior year’s data easily. It prevents you from entering data into the wrong year.

There are a few simple and easy steps you can use to close the prior year’s books and send them to your accountant. In this article, we help you learn how to close books in QuickBooks. For any help dial 1.855.738.2784Read More »How to Close Books in QuickBooks Desktop and Online?