Advanced

The Advanced settings page includes nine main settings: accounting, company type, chart of accounts, categories, automation, projects, time tracking, currency, and other preferences.

The following is a screenshot of the Advanced settings section:

A brief description of what information is included in the Advanced settings section is as follows:

  1. Accounting: In the accounting settings, you will select the first month of your fiscal year and income tax year, which may be the same. You will indicate your accounting method (for example, cash or accrual) and there is an option to close the books. Close the books allows you to prevent ...

Get Mastering QuickBooks 2020 now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.