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Julie10
Level 1

How do i perform a month-end close? what is the gear icon, where is company settings?

 
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Best answer December 10, 2018

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Rustler
Level 15

How do i perform a month-end close? what is the gear icon, where is company settings?

Gear and company settings are specific to QBO, this thread says you are using desktop, use menu edit>preferences in desktop for those functions.

Intuits emphasis is on QBO which is less functional than desktop, you have to look at the light gray print under the thread title to see if the question applies to QBO or not

a non partisan comparison of QBO vs QB desktop
http://onsale-apparel.com/Rustler/qbo-or-qbdt 

The cost of QBO is being raised in Oct 2016, so my cost comparisons in the article will be low when that happens.

View solution in original post

4 Comments
Rustler
Level 15

How do i perform a month-end close? what is the gear icon, where is company settings?

Gear and company settings are specific to QBO, this thread says you are using desktop, use menu edit>preferences in desktop for those functions.

Intuits emphasis is on QBO which is less functional than desktop, you have to look at the light gray print under the thread title to see if the question applies to QBO or not

a non partisan comparison of QBO vs QB desktop
http://onsale-apparel.com/Rustler/qbo-or-qbdt 

The cost of QBO is being raised in Oct 2016, so my cost comparisons in the article will be low when that happens.

View solution in original post

Julie10
Level 1

How do i perform a month-end close? what is the gear icon, where is company settings?

Thank you for your reply but all i can do in >preferences is set the closing date. how do i get reports? and can i set closing date if i am in the middle of a financial year that has never had a month end closing date set before? Thanks julie.
qbteachmt
Level 15

How do i perform a month-end close? what is the gear icon, where is company settings?

There is no Month End Close. That closing date function you see is not Financial; it is a Preventing data changes gate-keeper function.

You run the Balance Sheet to see Net Income already is in equity. There is no Close process for the fiscal year; that is always seen.

For the first date of the new year, that number is seen as part of Retained Earnings, so that income and expense can start at 0.

mbsilverlaw
Level 1

How do i perform a month-end close? what is the gear icon, where is company settings?

I am trying to cancel my Quickbooks self employed subscription account. The online instructions state that I should open QuickBook Self-Employed in a web browser, and then select the Gear Icon at the top. I have opened Quickbooks per the instructions, but no Gear Icon appears, so I cannot cancel my subscription.

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