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Join nowI am new to quickbooks and would like to input our starting position as of 12/21/2023 - balance sheet. I can start inputting income and expenses starting 1/1/24. I have no idea how to get started - is there a service quickbook provides (for a fee is fine) to get me up and running - thanks
Welcome to the Community, @scmccollum17.
Allow me to share some insights about your starting position in QuickBooks Online(QBO).
If the initial position pertains to the starting balance for income, expense, or bank accounts in QuickBooks Online, you can enter the balance and ensure that the starting date is set to 12/21/23. This process aligns your QuickBooks records with your bank transactions from the beginning and summarizes all prior transactions before the specified date
Here's how to enter your opening balance:
For more detailed information about entering opening balances for accounts you can refer to this article: Import your chart of accounts to QuickBooks Online.
I'll include this article in case you want to learn how to set up and add accounts to your chart of accounts:
Add an account to your chart of accounts in QuickBooks Online.
If you have further questions about your opening balance, you comment below and we'll respond to you as soon as possible.
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