Hi there,

I'm here to address your concerns regarding closing your books monthly in QuickBooks Online.

QuickBooks Online doesn't have a direct way to close books monthly, but you can follow MirriamM's suggestion above. If you close off the month of January, you'll still be able to enter transactions for February like normal. QuickBooks won't prompt you to enter the password for transactions from February 1 onwards. Once February is over and you've reviewed your books, you can follow the same steps above and adjust the closing date to February 29.

You can find more information about closing your books in this article: Close your books in QuickBooks Online.

For future use, here's an article on viewing retained earnings for the next fiscal year: View Retained Earnings account.

If you have any other concerns about closing your books, please feel free to leave them in the comments below. I'll be right here ready to assist you.