I have created a new company file and saved my old one. So starting Jan 1 2025 in the new company. We are in Canada so the condense data method did not work here and I had to start from scratch to set up my Chart of Accounts. I have that now. Now I need to bring in a Journal Entry from the old. So I printed the Balance sheet and the Profit + Loss reports in the old.
It seems to me since there are amounts in Accounts Payable and Accounts Receivable that I may need to make a few journal entries as both AP and AR require to be on the first line in a Journal Entry. I am second guessing which entry has to be made so I have all my right amounts for the start of the year. Can I get some help in walking me through how to proceed?
Thanks!
Pat
