I'm glad to see you here in the QuickBooks Community, shopandshipusa.
I want to share some information about how you can start the new year with new balances and no prior transactions.
For the previous transactions not to show, you can either wipe the data or start a new subscription. However, you can only purge your prior transactions if your account has been active for less than 60 days. This process is only possible with QuickBooks Online Plus and Essentials.
Please check this article for more information about starting from scratch:
Once you've decided to get a new subscription, you can visit the link I've attached below:
If you decided to cancel your subscription, please note that you'll have read-only access to your data for one year.
Fill me in if you have additional questions with the QuickBooks product. I'm here to help you out.