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Do I need to create an income summary? if yes, how can i do?
1. Click Reports on left sidebar.
2. To explore reports that deal with income to find the one that suits your needs, search on keywords Income or Sales or Profit in the Find Report by Name box.
Thank for reply. How about the close entries of the year in quickbook online?
You're always welcome, @Sokkunthea.
I've got some insights on accessing closing entries in QuickBooks Online.
If you'd like to close your books in QBO, make sure to review the account first and log in as a primary or company admin.
Here's how to close your books:
On the other hand, if you'd like to run a report for the closing entries made on the account, you can access the account detail for Retained Earnings. This will show you each closing entry with the date and the balance of net income transferred to Retained Earnings.
Here's how to access it from your Chart of Accounts:
Check out this article to know more on what to do with your books every end of the year: Year-end guide for QuickBooks Online.
It's my pleasure to help. Please feel free to comment back if you have other concerns with this matter or QuickBooks. Have a good one!
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