So, being the beginning of the year and my business is changing considerably. I was going to cancel my old QBO Plus account and start a new company file.
Basically, I need to start fresh. Different accounts, categories, and invoices. Same company, same EIN.
I know that an old company file floats around for about 1 year. Which is good enough. As I would need it for the 2020 taxes.
Is there any other way to do this. Like freeze previous years and start completely fresh? Or is the way that I am planning a good method?
Thanks,
T