QuickBooks 2011: Improvement to Closing Date Functionality

Guest post by: Scott Gregory
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QuickBooks 2011: Improvement to Closing Date Functionality - By Scott Gregory

QuickBooks 2011 brings you a long-awaited benefit! For years, businesses that have been using the Closing Date feature of QuickBooks (and yours should be if it is not!) have been scratching their heads.

They have been perplexed because QuickBooks would not allow them to modify the following:

* Sales orders

* Purchase orders

* Estimates

without following the Closing Date rules. In many businesses, all of that was far too much hassle, so they completely turned off the Closing Date feature.

QUICKBOOKS 2011 TO THE RESCUE

Inside the closing date setup in QuickBooks 2011, a new check box exists where your business can exclude sales orders, purchase orders and estimates from the restrictions of the closing date.

This is a great (and much needed) enhancement to QuickBooks. Since none of these transactions post any information to your financial reports, there is no need to have the closing date restrict them. Sales and purchasing departments everywhere will be rejoicing this news!

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QuickBooks 2011: Improvement to Closing Date Functionality - By Scott Gregory

About the Author: Scott Gregory

RSS for Scott's articles - Visit Scott's website
Scott provides a wide variety of QuickBooks solutions and profit improvement techniques to his clients in a relaxed yet very informative manner. No “accountant-speak” here - just a desire to help you create extremely efficient accounting systems and get the most out of your QuickBooks investment! He is a: > Certified QuickBooks ProAdvisor > Certified QuickBooks Enterprise ProAdvisor > He has taught hundreds of students a variety of QuickBooks courses for over five years in the Community Learning Division of Lakeland Community College. > Certified in Integrated Resource Management (CIRM) from APICS. Prior to forming Bottom Line Accounting Solutions, Scott served as the chief financial officer (CFO) for a $15 million manufacturing firm. In that position, he was in charge of the accounting, banking, IT, purchasing, inventory control and human resource departments. Scott was recently recognized as the Distinguished Business Leader/CEO of the Year for 2009 by The Willoughby Area Chamber of Commerce. Download a free copy of Scott's menu of services to learn more about improving the accounting within YOUR business - http://www.betterbottomline.com/docs/BLASProducts.pdf
Click here to visit Scott's website.

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