Creating a new client

jlathanasoulis-g · ‎May 04, 2022

I have created a new client, but i am having trouble manually uploading a chart of accounts from the companies 2021 fiscal year end trial balance. I was under the impression that i needed to upload this information, then close the books and then be able to start uploading information for the current fiscal year, which began in October 2021. I am curious if this needs to be done? would it be the same if i just started fresh from October 2021 recording all incoming information, without having the previous fiscal years books closed in my quickbooks online?
I do not want to use the previous bookkeepers file that was being used for the 2021 fiscal year, as it seems like it was a mess; but i need some kind of baseline to start off recording anything for the current fiscal year.

JamesM4 · ‎May 04, 2022

Hi jlathanasoulis-g,

Welcome back to the Community. QuickBooks offers the tools and resources you need in order to manage your books with peace of mind. I'll be glad to share more info and help get you back on track with your work.

QuickBooks allows you to enter prior account information. Having the 2021 info on the account is useful for when you need to access/reference that information, however, it's not a requirement to enter that info in QuickBooks. The program gives you the flexibility to pick the option that works well for your business and accounting.

I'll be happy to assist you with navigating the program. Feel free to ask any other questions. I've got your back.

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