Can someone help me reconcile a year that was entered in as a general journal entry?
I took over a qb account that has never been reconciled. Luckily, it only goes back to 2012. Although, Oct. 2012, was entered in as a journal entry. (They opened a new company in QB and did not merge everything, they just did a general journal entry). Oct. 2012 also has, in the deposits side of the reconciliation, an opening equity balance. Nov. 2012 and Dec. 2012 only have the sales (credited) to the bank (debited). I need to clear this out in order to close 2013 and move on. Also, there is not an opening balance. Thank you in advance for any help you might be able to assist me with.