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QB Talks December- QuickBooks Online Closing the Books at Year-End
For accountants and bookkeepers, the year-end can be hectic. QuickBooks Online has built-in tools that can help us be more productive. Since year-end tasks are often only performed once yearly, a checklist is handy to ensure consistency and completeness. Using a checklist and the tools available in QuickBooks Online, we can reduce human error during the busy year-end season.

Year-end duties include reconciling all accounts including loans, collecting year-end documents, processing final payrolls, filing payroll forms, and closing the books in preparation of tax.

The following tools will guide you through streamlining and collaborating with your client at year-end, regardless of whether you are a tax, bookkeeping, or full-service firm.

Learning objectives:

Steps for closing the books using QuickBooks Online Books review
When to use Reclassify transactions
Best practices for closing Invoices
Common year-end journal entries
Processing final payroll
Year-end payroll duties
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