Setting a closing the books date prevents changes to financial transactions dated prior to the closing date.
Caution: When you move a closing date forward, you cannot move it backward.
To set the date for closing the books
- Click Settings >Options > Closing the Books.
- Click the checkbox on the upper left. This opens a hidden section and allows you to set a specific date for closing the books.
- Select the closing date from the drop-down menu.
- Click Save.