Can anyone tell me why I am getting these auto generated entries in my GL (attached) in the middle of the year? I don't have any closing dates set so this shouldn't be happening. I'm using Desktop Premier 2019. This company was just transferred from Sage to QB in June 2019 but there was no data after February that had been entered into Sage. So all of those transaction were recorded directedly into QB. Everything was balanced as of the date of transfer. The only P&L accounts that are affected are the Revenue accounts. I can't figure out where the numbers are coming from or why. The entry says it is an Opening Balance entry but again everything was balanced after the transfer and before we started entering anything into QB. I'm stumped...
I can make an entry to correct these items but I would like to know why it is doing this. Right now I don't have a lot of faith in the P&L or Balance Sheet.
In order for me to check what these transactions are, I'd like to request more details. It would be best if you can send another screenshot to see the affected accounts. Simply click on the transaction so it'll route you to another page where we can see them.
Thanks for the screenshot and the additional details about this, WesTX.
The auto-generated journal entry was part of the conversion process from Sage to QuickBooks. This is to ensure that your Profit & Loss and other financial reports are balance. It'd be best to leave the auto-generated journal entry as it is. Deleting it might cause issues on your data and reports otherwise.
You can also speak with your accountant to see what further actions you need to take about this. They can explain what are these transactions. Also, they know what's best for you and your books.
We'll get back to you if you require additional assistance about this transaction.