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ractreasury-gmai
Level 1

How do i close the year end

my year for 31.12.2022 is now completed and i need to close the year.
1 Comment 1
DebSheenD
QuickBooks Team

How do i close the year end

Welcome to the QuickBooks Community, @ractreasury-gmai.


I'd be glad to help you close your year-end books in QuickBooks Online.

 

Here's how to close the books in QuickBooks Online:
 

  1. In the upper-right corner, click the Company name (gear icon).
  2. Select Account and Settings.
  3. Go to the Advanced tab,
  4. Under the Accounting section, put a checkmark in the Close the books box.
  5. Enter the Closing date.
  6. Set whether or not a password is needed to change closed transactions.
  7. Tap Save.
  8. Click Done.
     

Please check this article about managing books and passwords: Edit your Closed Books.


Need help managing your financials such as reconciliation? Check this article for a guide: Reconcile an account in QuickBooks Online

 

Fill me in if you have other concerns or questions about closing books. I am always here to help.