How to Process for Closing Out Books Each Month

I'm so excited to share a special video I created (drum roll please 🥁) it's a step-by-step guide or process on how to close your books each month. Do you have a set process for closing out your books each month? After many requests, I decided to put together a video and an accompanying pdf 📝 https://CandusKampfer.com/month-end Ready to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business... ➡️ https://CandusKampfer.com/workshop Receive our QB tips straight to your inbox each week visit: ➡️ https://CandusKampfer.com/tips Additional Resources and Extra Videos Mentioned ⤵️ Retained Earnings: https://canduskampfer.com/?s=retained+earnings How to set a Closing Date ⤵️ Desktop: https://youtu.be/-dzpv8ODrH8 Online: https://youtu.be/UsrJLpBqhUk Timestamps: 0:00 - Process for closing out books each month in QuickBooks QuickBooks Desktop 0:49 - Checking Accounts Receivable 1:26 - A/R Aging Summary, A/R Aging detail and Open Invoices Report in QuickBooks Desktop 2:58 - If you are using Enter Bills, Use A/P Aging Report 4:08 - If you have Petty Cash... 4:55 - Reconciling in QuickBooks desktop 9:02 - Profit and Loss Report in QuickBooks Desktop 11:09 - Balance Sheet in QuickBooks desktop 11:06 - Closing Date Explained QuickBooks Online 2:00 - A/R Aging Summary, A/R Aging detail and Open Invoices Report in QuickBooks Online 3:12 - Use A/P Aging and Unpaid Bills Reports in QuickBooks Online 3:57 - QuickBooks is meant to be a tool, wouldn't you agree? Let us know in the comments 4:32 - If you have Petty Cash... 5:12 - Reconciling in qb online 5:49 - Recommended: Setup PayPal as a separate Bank Account 6:09 - Verify your loans either quarterly or yearly 6:33 - Tip in processing taxes 7:10 - 3 Steps in doing payroll Taxes 7:34 - Processing Tax 7:54 - Check Clients if they still have On hold (Inventory) For tracking Purposes 9:41 - Profit and Loss Report in qb online 10:07 - Balance Sheet Report in qb online 12:12 - Did this video help you? Let me know in the comments I’d love to connect with you 🤗 Instagram: https://www.instagram.com/candus.kampfer Facebook: https://www.facebook.com/CandusKampfer CandusKampfer.com: https://canduskampfer.com/ TikTok: https://www.tiktok.com/@canduskampfer Pinterest: https://www.pinterest.com/canduskampfer/ #CandusKampfer