Every quarter you close out Waynes books and run a quarterly

Every quarter you close out Wayne’s books and run a quarterly comparison report package for him. This quarter, you notice that numbers are not aligning with your last report package. What is the best way to identify changes made to a closed period?

Solution

The best way to identify changes made to a closed period is running a exceptions to closing date report in Quick books. The steps are as follows :

(i) Go to Reports option in the menu box

(ii) Then select Accountant Reports

(iii) Choose the Exception to Closing Date report and then run it

The above process is very useful in viewing any changes that are done to closing entries at the end of a period.