QuickBooks Tip of the Month: Close Your Books Monthly for Smoother Year-End

QuickBooks Tip of the Month: Close Your Books Monthly for Smoother Year-End

Monthly closings give you real-time insights, help catch errors early, and prevent other users from changing finalized numbers. Once you’ve reviewed everything—lock it down.

Follow these steps to lock a period and protect your financial data:

1. 1. Go to the Gear icon and select Account and Settings.

   2. Open the Advanced tab.

   3. Scroll to the Accounting section.

   4. Turn on Close the books.

   5. Select the closing date, such as the last day of the month.

   6. Choose your preferred security setting:

      • Allow changes with a warning

      • Require a password for any edits

   7. Click Save, then Done.

Bonus Tip:

Run your Profit & Loss and Balance Sheet reports first to catch anything unusual—fix it now, not later.

Want help reviewing your reports before month-end? Schedule a meeting today!