How to Process Closing Out Books Each Month

Описание: I'm so excited to share a special video I created (drum roll please 🥁) it's a step-by-step guide or process on how to close your books each month.

Do you have a set process for closing out your books each month?

After many requests, I decided to put together a video and an accompanying pdf 📝 https://CandusKampfer.com/month-end

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Additional Resources and Extra Videos Mentioned ⤵️

Retained Earnings: https://canduskampfer.com/?s=retained...

How to set a Closing Date ⤵️
Desktop:    • How to Set a Closing Date inside QuickBooks  
Online:    • Setting a Closing Date in QuickBooks Online  


Timestamps:

0:00 - Process for closing out books each month in QuickBooks

QuickBooks Desktop

0:49 - Checking Accounts Receivable

1:26 - A/R Aging Summary, A/R Aging detail and Open Invoices Report in QuickBooks Desktop

2:58 - If you are using Enter Bills, Use A/P Aging Report

4:08 - If you have Petty Cash...

4:55 - Reconciling in QuickBooks desktop

9:02 - Profit and Loss Report in QuickBooks Desktop

11:09 - Balance Sheet in QuickBooks desktop

11:06 - Closing Date Explained

QuickBooks Online

2:00 - A/R Aging Summary, A/R Aging detail and Open Invoices Report in QuickBooks Online

3:12 - Use A/P Aging and Unpaid Bills Reports in QuickBooks Online

3:57 - QuickBooks is meant to be a tool, wouldn't you agree? Let us know in the comments

4:32 - If you have Petty Cash...

5:12 - Reconciling in qb online

5:49 - Recommended: Setup PayPal as a separate Bank Account

6:09 - Verify your loans either quarterly or yearly

6:33 - Tip in processing taxes

7:10 - 3 Steps in doing payroll Taxes

7:34 - Processing Tax

7:54 - Check Clients if they still have On hold (Inventory) For tracking Purposes

9:41 - Profit and Loss Report in qb online

10:07 - Balance Sheet Report in qb online

12:12 - Did this video help you? Let me know in the comments


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