Hello.
I am in need of some help.
I have been asked by my employer to start a new set of books. I was hired to "clean up" books that weren't properly maintained. A Company which handed out 1998 W2's alone this past January. I have managed to clean up 2017 and 2018 but for 2019 I was told to hold off and create new books for 2020, so going forward is caught up and clean. Besides the obvious; can anyone give me some hints or an essential check list for bring over and starting new books when the prior year books are incomplete? I have created the new books but I am wary of the checking account and what I don't know that hasn't been cleared in 2019. For now I used the bank statement ending balance of 12/31 for the beginning balance in the new books. I know this would be correct if the prior year books were clean but, how will the two come together once 2019 is cleaned up, I am a bit apprehensive and exhausted. All I see is numbers at this point and doing it on my own for such a large Company.
Thank you!
Exhausted Brain
