Chapter 18
Year-End Procedures
In this chapter:
• The year-end To Do list
• Run financial reports
• Print 1099 forms
• Make year-end journal entries
• Get ready for taxes
• Close the books
• Create a year-end backup
The end of the year brings with it several inevitable tasks, and that’s true for large corporations as well as for small businesses. There is so much to do: so many reports to run, corrections to make, entries to create, adjustments to apply—whew!
You can relax a bit. Everything doesn’t have to be accomplished on January 1st. QuickBooks is date-sensitive, so you can continue to work in the new year without affecting the totals of the previous year. As long as the dates of new transactions are after the last day of your fiscal ...
Get QuickBooks 2014 The Guide, 2nd Edition 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.
