Yes, Thomasdavid, you can backdate business receipts in QuickBooks for last year by manually entering the receipt date when recording the transaction.
However, it's important to note that the implications of backdating depend on your specific situation, such as whether you've already filed taxes for that period. Making changes to a closed period may result in exceptions on your reports.
Here’s how to do it:
- Go to the Transaction menu and select New Transaction.
- Enter the amount and a description.
- Choose the appropriate category by selecting the Select a Category menu.
- When you're done, click Save.
While QuickBooks allows backdating of business receipts, doing so should be approached carefully to ensure ethical practices and compliance with tax laws. It’s always best to seek professional advice to avoid complications or penalties.
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