I am starting a new company in QB2020 on 1/1/21. can I journalize the 12/31/2020 trial balance and a
I want to start a new company on 1/1/2021 in QB 2020. Can I journalize the 12/31 2020 trial balance and then make the year end adjusting journal entries. to begin the 1/1/2021 general ledger? If yes, can I make these entries as of 12/31/2020 and then automatically reverse certain of those 12/31/2020 AJE on 1/1/2021 or do I make the trial balance and year end AJE entries and then AJE the reversals on 1/1/2021?
I am starting a new company in QB2020 on 1/1/21. can I journalize the 12/31/2020 trial balance and a
I understand thanks. This is not a new company only a new company as far as QB is concerned. I wanted to have a record in QB of the prior year close in real time.
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