The Closing Date in QuickBooks is a setting that indicates the date through which your books have been closed. Normally, books are considered closed after they’ve been reviewed, all adjusting entries have been made, and reporting has been completed to investors, lenders, or tax authorities. It’s used to protect data from inadvertent modification by making […]
How Do I Clear the Closing Date or Re-Open My Books?
The Closing Date in QuickBooks is a setting that indicates the date through which your books have been closed. Normally, books are considered closed after they’ve been reviewed, all adjusting entries have been made, and reporting has been completed to investors, lenders, or tax authorities. Since the Closing Date is only an access restriction, sometimes […]
What Is the Closing Date Exception Report and How Do I Create It?
The Closing Date Exception Report in QuickBooks shows all transactions sorted by transaction type (e. g., Bill, Check, Invoice) dated on or before the Closing Date that were first recorded or modified after that date was established. To add to its utility as an audit tool, it also includes the User Name of the user […]
How Does Quickbooks Handle Voiding a Check Dated In a Closed Period?
When you void a check, QuickBooks: changes the original amount of the check to 0.00 adds the text VOID: to the beginning of the Memo sets the cleared flag, Clr When you’ve specified that your books are closed through a given date, in addition to performing the above steps, QuickBooks gives you the option of […]
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