Can you lock a month after you close it or can you only close a fiscal year end?

Welcome to the Community!

Although QuickBooks Online doesn't offer a direct way to close books every month, you can achieve a similar outcome by setting a closing date and password. This way, you can avoid recording transactions in a prior month.

Here's how to do this:

1. Go to the Gear icon at the top.
2. Select Accounts and Settings.
3. In the left menu, choose Advanced.
4. Go to the Accounting section and click the pencil icon.
5. Turn on the Close the books switch.
6. Enter a closing date.
7. Enter a closing date password.
8. Select the Allow changes after viewing a warning and entering a password option from the dropdown menu if you want to require a password before editing your closed books.
9. Click Save and then Done.

By following these steps, you can close a month in QBO and prevent any modifications to the previous months.

You can find more information about closing your books in this article: Close your books in QuickBooks Online.

For future use, here's an article on viewing retained earnings for the next fiscal year: View Retained Earnings account.

If you have any other concerns about closing your books, please feel free to leave them in the comments below. I'll be right here ready to assist you.