The company was really low on AR in late 2022. They wanted to start paying some vendors with the credit card. They never had a CC account in their QB Desktop before. The company would just cut a check to the bank and pay the statement. I created one so I could keep track of the vendor payments. I have made payments on this account as the prior person had done and realized over a year and a half later that I had to reconcile the account for payments to balance out the account.
Can I create a journal entry and catch everything up to date and start fresh for 2024?
Thank you so much for any direction and guidance.
