cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
romina-startupof
Level 1

Can I add yearly historical financial statements in QBO from 2021 to 2023? I am starting a client's file in QBO in 2024. I do not have past years detailed transactions.

The only information available is the year-end financial statements of the company. How do I record the yearly financial statements? Should I use opening balance or through journal entry?
2 Comments 2
4Gal
Level 11

Can I add yearly historical financial statements in QBO from 2021 to 2023? I am starting a client's file in QBO in 2024. I do not have past years detailed transactions.

The best option is to have trial balances for those historical years and import them as JE.

Alex M
QuickBooks Team

Can I add yearly historical financial statements in QBO from 2021 to 2023? I am starting a client's file in QBO in 2024. I do not have past years detailed transactions.

Hi there romina-startupof,

 

Thanks for reaching out about your prior history. QuickBooks Online is a great tool able to assist you with keeping track of your sales and expenses so you know the profit of your company. I can provide some information about entering these transactions.

 

To enter it all at once, you can create or import a journal entry as mentioned by 4Gal. To create a Journal entry, go to +New, then Journal entry. To import one instead, you can follow the steps in this article.

 

If you have any other questions, feel free to reach out here.

Need to get in touch?

Contact us