How can I start the new year with new balances and not show the previous years transactions?
I'm glad to see you here in the QuickBooks Community, shopandshipusa.
I want to share some information about how you can start the new year with new balances and no prior transactions.
For the previous transactions not to show, you can either wipe the data or start a new subscription. However, you can only purge your prior transactions if your account has been active for less than 60 days. This process is only possible with QuickBooks Online Plus and Essentials.
Please check this article for more information about starting from scratch: