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Chapter 23. Security > CPA Tip: Closing Your Books at Year-End

CPA Tip: Closing Your Books at Year-End

The importance of closing your books at year-end becomes immediately evident as soon as someone makes a change to your financial records from a previous year. The simple process of voiding a check from a previous year can change your entire set of year-end financial statements.

With the new security features of QuickBooks 2002, you can set a password that restricts access to any records prior to a selected date. Some companies find it advantageous to work with their accountant on this security feature, leaving the password completely in the hands of the accountant who must then authorize access to prior year changes.


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