Hi there, dpjyates.
Every transaction recorded in QuickBooks Online is part of the company's financial statement. They can't be archived. For you to process your year-end returns, you'll have to reconcile the past transactions.
In case you have challenges when reconciling, we've got an article for solutions. Please check it out: Fix issues when you're reconciling in QuickBooks Online.
On the other note, you can sign up for a new QuickBooks Online account to start fresh for the new fiscal year. You'll have to export the customer/vendor, product and chart of accounts lists to excel, and import them to the new account. Then, set up your new company account.
To sign up, here are the steps:
- Go to this page: https://quickbooks.intuit.com/pricing/.
- Choose a plan.
- Click on Sign in.
- Enter your User ID and Password.
- Set up your new account.
- Import the lists.
Allow us to help you more with setting up and reconciling your account by posting more questions. We are here to help.
