Hello,
I have some inventory expense that i recorded back in 2019 in QBO because these inventory are carrying over to 2020 to sell, therefore to make things easier instead of recording every transaction in 2019, i only recorded what's needed/still active in inventory wise. My question is if i rcord without matching those 2019 transaction & just reconcile after confirming its in the right bank account/correct amount/date charged in 2019, can i just "R" reconcile it so I can balance what's being recorded balance, or that wouldn't work. As only a good 20% of the inventory is from 2019, I have no reason to bring in the whole year & record all data from 2019 when taxes is alraedy done. FYI i also just started using QBO in 2020 thats why i didn't have anything from 2019 recorded.
Just trying to find the best accurate way to bring down the balance to match whats in QBO & the bank & time consume. Everything 2020 will be perfect, bank feed is also only pulling from 2020, I just have to record 2019 COGS so when it sold there's an expense taken out.
