Hi Renee,
I would like to add some more information about closing your books.
In QuickBooks Online (QBO), you cannot directly close a month like you do while closing the year. However, you can achieve a similar outcome by setting a closing date and password. This method restricts any alterations to transactions dated on or before the closing date without the password.
To do this, here's how:
- Go to the Gear icon at the top.
- Select Accounts and Settings.
- In the left menu, choose Advanced.
- Go to the Accounting section and click the pencil icon.
- Turn on the Close the books switch.
- Enter a closing date.
- Enter a closing date password.
- Select the Allow changes after viewing a warning and entering a password option from the dropdown menu if you want to require a password before editing your closed books.
- Click Save and then Done.
By following these steps, you can close a month in QBO and prevent any modifications to reconciled transactions.
For future reference, here's a great resource to help you close out your current year and prepare for the new year in QuickBooks with your accountant: Year-end guide for QuickBooks Online.
Feel free to post here anytime you have concerns about closing your books in QBO. I will be happy to assist you. Have a good one.
