It's far crucial to close entries in QuickBooks on the quiet of the monetary yr for the correct management of the money owed and prepare for the new year. You need to transfer income & rate accounts to retained earnings account. In QuickBooks, there is no constant closing done on the quiet of the month and the year. but, to maintain the accounting books nicely, it's far crucial to do a right remaining at the give up of the financial yr. furthermore, in QuickBooks, the records stay for all time and could now not be...
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