Ask the Accountant…
Question: I just entered a whole bunch of entries for last year. Is there a way to avoid that?
Answer: Yes, it’s easy to avoid too many entries in QuickBooks. In QB Premier and Enterprise. Go to Company > Set Closing Date > Set Date/Password. You can designate a specific date as a closing date—typically at year end.
When you try to enter data before that time, you will get an error message prohibiting you from entering the data back in an earlier period. You can also password this if you like to override the error message. With or without a password, it serves as a clear warning when you are trying to enter data in a closed period.
Please email your questions to Harriet at Ask The Accountant.
QuickBooks Premier and Enterprise can be modified to better serve ad specialty distributors. Harriet Gatter is a QuickBooks ProAdvisor, a former accounting professor and a former ad specialty distributor. She advises ad specialty distributors to use QuickBooks Premier and Enterprise, often in conjunction with other industry-specific software, to manage the complexities of the ad specialty business, with the results being time saved, errors eliminated and an overall accurate accounting of your business. Contact her at [email protected].
