QuickBooks is an accounting tool that can be used to organize business financial information. QuickBooks has different editions such as pro, premier, and enterprise. These editions are available in desktop and online. Also, QuickBooks has different versions available in the market. In this post let us discuss the how to close the book in QuickBooks Pro.
One of the features of QuickBooks that it allows closing the books for a given year. Whenever at the end of the year, you make all your entries and you no longer want to change anything. Closing the books in QuickBooks lets you set a password for a closed book.
In order to open or change records from a closed year, a user needs the password for that. If you want to close a year’s books, you need to set a date through the Accounting Preferences dialog. Before discussing how to close the book in QuickBooks Pro, let us discuss what exactly it means closing the book in QB. Continue reading