If you use Standard Accounting, at the end of each accounting period (monthly, quarterly, or yearly) you can print your accounting reports. After printing the reports, you can then clear the accounting data in order to reset the totals for the next accounting period.
2. Verify that your reports printed correctly.
IMPORTANT: Once your accounting information is cleared, it cannot be retrieved. Make sure that your reports printed correctly before clearing your accounts
UPDATED: February 22, 2021