Hello there, @VChang. I'm chiming in to share some details about monthly account closing in QuickBooks Online (QBO).
You can close your books monthly in QuickBooks Online. However, you'll have to manually set it up so you get through and use it. I'll be happy to outline the steps below so you can proceed to set up your account, and close your books monthly. To begin, here's how:
- Choose the Gear icon and select Company Settings.
- Choose Advanced.
- In the Accounting section, click on the Edit icon.
- Check the box labeled Close the books.
- Enter a closing date. Transactions dated on or before the closing date cannot be changed without warning.
- Decide what you want users to see if they try to save a transaction that is dated prior to the closing date:
- Choose Allow changes after viewing a warning to make a warning message appear.
- Choose Allow changes after viewing a warning and entering a password to require the user to enter a password as well. Then enter the password in the fields below.
7. Click Save, then Done.
For further guidelines about closing books in QBO, refer to this article: Close your books in QuickBooks Online.
I've also got you this article in case you'd like to edit your closed books.: Edit your closed books.
Know that you're always welcome to post here again, @VChang if you have any additional QuickBooks-related concerns. I'll be more than happy to assist you once again. Take care, and have a great weekend!
