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Forum Post: When to close a year out?

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Good Morning! I had a meeting with my accountant and I am going to do my best to ask what he asked me and describe what he described to me.  He was putting together 2013 taxes and started putting them together in January.  When I brought him a backup file to update his numbers in February, he restored with the new data and his data from 2013 was altered.  The same happened in March.  He says we need to close out 2013 so that no additional changes can be made to that year and his data he is using for tax preparation will be finalized.  If we do this, of course, it will have open 2014 and 2015.  Is this what I/we need to do?  I am not an accounting person (I am an engineer) so I am not sure how to proceed. Thanks, Tom

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