Monthly close
Declaring a month finished: everything categorized, statements reconciled, then locked so nothing older can change.
In Solo Superstars
Open Accounting › Close. The page shows the month’s readiness: review queue empty, bank accounts reconciled, clearing accounts at zero, trial balance footing. Alison prepares it and tells you when the month is ready; you press Close.
Example
August 2026: 0 to review, 2 of 2 accounts reconciled, clearing 0.00 → Close. Entries dated August 31 or earlier are now locked.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- books close
- close the books
- month-end close
- QuickBooks: close the books
Related
- Close-ready — The state where every check for a monthly close passes and the only thing left is your decision to close.
- Close exception — Something that blocks a monthly close: an uncategorized transaction, an unreconciled statement, an unbalanced clearing account.
- Period lock — The date on or before which no entry can be posted. Set by a close; lifted only by reopening the latest period.
- Year-end close — Closing the fiscal year: zeroing revenue and expense accounts into retained earnings, rolling owner draws into equity, and locking the year.
- Reopen period — Unlocking the most recently closed month (or year) to make a correction, then closing it again.