It means they can’t edit anything before the closing date unless they use the password.
Resolution for 'closing date issue: 'what happens to my client’s file when i set up a closing date and password?' available: Yes.
The closing date issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the closing date issue yourself by looking for a resolution described in the article. If it is a complex closing date issue or you are unable to solve the issue, you may contact us by clicking here or by using other closing date support options.
For more information about resolving issues related to closing date in Quickbooks/QBO or to get support for the issue 'what happens to my client’s file when i set up a closing date and password?', click the link below: