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How to close your books in QBO

Month-end accounting tasks

Updated over 11 months ago

At the end of the month, when all of your reconciliations are completed, and you have issued your owner statements, you must close your books in Quicbooks. This prevents VRPlatform from pushing any updated or generated transactions into QBO before the close date set in QBO, ensuring no alterations to your books.

To close your books in QBO, perform the following steps:

  1. Select the settings gear icon in the top right corner of the screen in Quickbooks.

  2. Select Account and Settings under the Your Company column.

  3. Select Advanced, and in the Accounting section, select "Close the books," turn on the toggle, and set the date as of the most recent month-end date for which your books have been finalized.

  4. You can allow changes after a warning or require a password to make changes. Save the settings selected, and select Done.

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