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Chapter 23. Security > Year-End Protection: Closing Your Books

Year-End Protection: Closing Your Books

With many accounting programs, you are required to “close the books” as of the last day of each year. After this closing process has been completed, no changes can be made to transactions prior to the date of closing.

This is not the case with QuickBooks. The transactions in your QuickBooks file go on and on and can be changed even years after they occurred. Accountants cringe at the idea of their clients having the capability to go back to the prior year and change the numbers after the year has closed. For better or worse, it can be done, unless you protect the prior year.


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