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How to Open a Closed Accounting Period in QBO to Post Historic Transactions
How to Open a Closed Accounting Period in QBO to Post Historic Transactions

Open a Closed Accounting Period in QBO to Post Historic Transactions

Virendra avatar
Written by Virendra
Updated over a week ago

How to Open a Closed Accounting Period in QBO to Post Historic Transactions

The user needs to disable the closed accounting period because if the accounting period is closed, QuickBooks will not allow any historical data from the closed period. To record the historical data in QuickBooks, the user must disable the closed accounting period to post the historical data or change the transaction posting date in Webgility Online.

Below are the two ways to resolve this issue:

1). Disable the closed accounting period in QuickBooks.

Steps:

  • Navigate to the Gear icon then Settings>Account & Settings>Advanced.

  • Navigate to Close the Books to disable the closed accounting period.

  • Clear the closing date or click on the toggle button to disable the closed accounting period temporarily and then save the settings. Closed accounting periods will be disabled in QuickBooks; please click on Done.

Now you should be able to return to Webgility and post transactions from previous periods.

2). Change the Sales Receipt Date to the Date of Order Posting on Webgility Online.

The user can change the Sales Receipt Date to the Date of order posting in Webgility Online if they don’t want to disable the closed accounting period.

Steps:

  • Navigate to Sync Settings> Orders >Transactions.

  • Change the Sales Receipt date to the Date of order posting.

  • If the Sales Receipt date is selected as the Order date then the user needs to disable the closed accounting date in QuickBooks, or else they need to change the Sales Receipt date to Date of order posting to post a historical order. After making changes, click save to save the settings.

Note:

Orders will be posted with the date of posting, not the order date and the data needs to be reconciled manually in QuickBooks.

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