QuickBooks is revolutionizing the accounting landscape around the world. The tool has made it so smooth and time-saving for small and medium-sized businesses to handle their accounts like a breeze. However, at times, while using the accounting software, the user can come across a few technical glitches. Though the glitches can be resolved with simple steps, and yes, our very talented QuickBooks technical support team is always available on +1-800-961-6588 to help the user with almost everything!
In this article, we will get acquainted with the ways to clear the closing date to reopen QuickBooks with minimal stress.
What is a QuickBooks closing date?
In QuickBooks, Closing Date is an option that specifies the date when the books were being closed. Generally, books are deemed closed only after they’ve been reread, all altering entries have been done and when the reporting is absolutely completed to stockholders, lenders and even the tax authorities.
As the Closing Date is nothing more than an access limitation, at times you may come up with a requirement to erase the Closing Date to allow you to store prior period transactions. Generally, this isn’t performed to record a less number of transactions, as those dealings can be saved by over-riding a notice or properly keying in the password for Closing Date.
It’s completed when it’s later revealed that an adequately great number of foregoing period dealings have to be saved, also, the access limitations decelerates this process unreasonably. Eradicating the access limit after you have formerly set it is a process commonly which is labeled as “re-opening your books.” For instance, you may have to re-open the books to make an edited tax return.
How to clear closing date to reopen QuickBooks easily?
It can be done by disregarding a Closing Date or QuickBooks Closing Date Password.
Steps listed below are for eliminating the closing date password date set in QuickBooks. The process is executed only if you wish to eliminate a password from a portion of the company file on which you have closed the books.
- Firstly, you would have to open the company file in QuickBooks as an administrator.
- Now, you would have to choose Edit and then click on Preferences.
- After this click on the tab that says Accounting, present on the left.
- Once done, you would have to open the Company Preferences tab.
- Here, go for the option that reads Set Date/Password.
- Now, you will get an option to erase the password. Just select that option to erase the password from the fields.
Note: If you want to remove the closing date, just clear the Closing Date field. Click OK.
The process of clearing the closing date seems a little easy. You can easily accomplish it by following the steps. However, if you face any challenges in executing the tasks then feel absolutely free to connect with our highly skilled QuickBooks technical support team. You can call us at any time of the day on +1-800-961-6588. We would be happy to assist you and help you sail through almost anything on QuickBooks!