As with other accounting programs, QuickBooks Desktop requires a formal closing to be performed at the end of each year.

Name: As with other accounting programs, QuickBooks Desktop requires a formal closing to be performed at the end of each year.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

QuickBooks Desktop does not require a formal year-end closing procedure. The software automatically carries forward all balances and transactions into the new fiscal year, allowing for ongoing entry and adjustments as needed.

As with Other Accounting Programs, QuickBooks Desktop Requires a Formal