The Closing Date marks when your company’s books have been closed. Your accountant sets a closing date password to protect your records against changes that would alter balances for closed accounting periods. These changes include editing or deleting transactions entered on or before the closing date, and entering new transactions dated on or before the closing date. Consult your accountant for more information about making changes that affect closed periods.
This video will show you how to set a closing date for you company file.
For more information on setting a closing date for you QuickBooks file, give RPPC a call at 816.304.4398