QuickBooks Online
Close the books—how it works
The Closing the Books feature allows you to restrict access to data in prior accounting periods. You set a closing date for your accounting books. Then if anyone tries to change a transaction dated prior to the closing date, a warning message appears. You can also require that the person enter a password before the change is accepted by the system.
QuickBooks Online provides you with an Exceptions to Closing Date report for information on all transactions that were changed after the books were closed.
