Negative Cash Account with old transactions

QB is perpetual so that negative balance will move forward in the company. It needs to be zero'd out. You can use a journal entry to move that negative amount to retained earnings or owner equity.

@Val4884 

You will need to review the transactions that caused the negative balance.  If you move it all to equity/retained earnings with a journal entry (debit cash, credit equity/retained earnings), that assumes all of the transactions were either income or expense transactions but it's very possible that they could/should have been asset or liability transactions and those may not impact equity/retained earnings.  The reversing entry(ies) can be made in 2023, but you will need to determine the nature of the negative balance.   

Speaking with my client, it seems that these were entries made when the company first began using Quickbooks. It also looks like the entries were payroll related and the previous bookkeeper did not know where to put them.