Transaction in closed period, could impact previous VAT return, bill dated September 11 - input date Feb 12.
QuickBooks UKI am entering a September 11 invoice, in February 2012, I have the following masseage appear.
This modification affects transactions in the closed period, which could impact your previously filed VAT Returns.
Clsoing date password? Help!
What does this mean?
Does Quikbooks need to close the accounting period at the end of a month, to stop back dating accounting entries.
I have worked on systems were the month is closed and all entries are posted in the relevant month, you are working in fro example: Feb 12.
