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INTUIT QUICKBOOKS PRO 2014 CLOSE JE NUMBERS HOW TO
INTUIT QUICKBOOKS PRO 2014 CLOSE JE NUMBERS PASSWORD

Closing entries are made after you record all adjusting entries.

The goal is to zero out your Income and Expense accounts, then add your fiscal year's net income to Retained Earnings.

Closing entries are entries made at the end of the fiscal year to transfer the balance from the Income and Expense accounts to Retained Earnings.

Reporting: You can create comparative reports between the current and the previous year.

Detail: Easy access to last year's data, including details of every transaction.

The Closing Date History shows current and past closing dates and the user who set the closing date.

To run the report, go to the Reports menu select Accountant & Taxes and then Closing Data Exception Report.Reporting: Any changes made after the closing date to transactions dated on or before the closing date will appear in the Closing Date Exception Report.

INTUIT QUICKBOOKS PRO 2014 CLOSE JE NUMBERS PASSWORD

A user must know the closing date password and have the appropriate permissions to modify or delete a transaction in a closed period.

Restricted Access: You can create a closing date password to restrict access to data from the prior accounting period, including the details of every transaction.

This way, you start each new fiscal year with a net income of zero.īefore you close your books, consider these important points: Advantages to closing your books

On the first day of the new fiscal year, QuickBooks increases your Retained Earnings equity account by the previous year's net income ($12,000 in this example) and decreases your net income by the same amount.

For example, if your profit for the year was $12,000, the equity section of your Balance Sheet shows a line for a net income of $12,000 on the last day of your fiscal year.

QuickBooks makes an adjusting entry to your net income.

QuickBooks adjusts your Income and Expense accounts at year-end to zero them out so you start your new fiscal year with zero net income.

QuickBooks performs certain year-end adjustments based on your fiscal year start month. Year-end adjustments QuickBooks makes automatically QuickBooks creates automatic adjustments in preparation for the coming year. In QuickBooks Desktop, you don't have to worry about closing your books at the end of every fiscal year.

INTUIT QUICKBOOKS PRO 2014 CLOSE JE NUMBERS HOW TO

The game ends when a player plays all of their remaining tiles and there are no more tiles left to draw.Learn how to close your books in QuickBooks Desktop. Colored bonus squares award extra points and multipliers.Īt the end of each turn, players draw new tiles to replace the ones played. The score for each play is the sum of all the number tiles in sequences completed on that turn. The first sequence must be played on the center square, and all sequences after that must intersect with tiles already in play. On each turn, players may play tiles in one straight line sequence, horizontally or vertically. The sequence 3-9-5 is not valid because it adds up to 17 which is not a multiple of five. For example, 7-3-8-7 would be a valid sequence because it adds up to 25. Players take turns placing intersecting sequences of numbers on the board which add up to multiples of five.

Your online matches are synced across all your devices.įeatures three difficulty levels and keeps track of your wins, losses, and other statistics for each level.Ĭhallenge friends and family to a game! You can play with up to four players on one computer. With Game Center turn-based multiplayer, you can take turns at your leisure. Instead of letters, the tiles are numbers, and instead of forming words, each sequence of tiles has to add up to a multiple of five, and no sequences may be longer than five tiles. Five-O is your favorite word game, minus the words!Ĭheck out the popular iOS number game, now available on the Mac!