HELP! I'm new to a company where the old accountant was let go due to incompetent skills. The first 9 months of the year are in a different software. Before I came on (11/27), the accounting clerk decided to set up and start using QBO. She has set up beginning balances in inventory (that's all) and started make sales transactions and paying invoices. As such, my retained earnings account already has a balance. IMO, they should have input 12/31/2022 balances and then re-created the whole year in QBO and then continued. This didn't happen so what is my next best step? They DO NOT want to use the old system so I know I will have to re-create the whole nine months in QBO, but what should I do about the beginning balances?
Thanks for any help and any suggestions - what a mess...
