Starting a new tax year when using RangerMSP-QuickBooks link

[Product User]

What is the correct way of starting and new new Tax year when using the RangerMSP-QuickBooks link?


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[Support Team]

Re: Starting a new tax year when using RangerMSP-QuickBooks link

We recommend that you first read about starting a new financial year on the RangerMSP-QuickBooks manual, under Appendix > Starting a new Financial Year. As mentioned there, you can choose to either start working with a new company file, or close your books at year-end, but keep using the same QuickBooks company file.

When it comes to the RangerMSP-QuickBooks Link, we recommend using the second option - closing your books at year-end and continue using the same company file. This way you will be able to keep all the links to existing Items and contacts in the company file.

HTH

Neta