To know more about QuickBooks Closing Entries, At some point, on a date we specify, Quickbooks zeros out all expense and income accounts and posts them to retained earnings. QG does not continuously do this process of zeroing out income and expense accounts. And it is only done of the dates we specificy for the next close, or year end. You can also call us at +1-800-816-6849. We are available 24/7 to help you and provide you with a feasible solution in as little time possible.