I recently purchased a retail business from my family. I would like to keep all the accounts receivable data and accounts payable intact. Basically all the charts of accounts. I would like to copy the whole company file and insert it into MY NEW company file. That way I will have all the data I need and I can delete data that I don't need and still have the old company file for a backup or reference. The previous owners did not keep up with the chart of accounts very well and some of it is a complete mess. But all the information and accounts are there and I want to utilize that information. I'm creating my own LLC and keeping the business intact I can go in and delete anything prior of my purchase date and start fresh so the mistakes from the previous owners failed attempts in keeping the books straight won't be a burden on my new company. Thanks in advance! I really hope I made my situation clear without over complicating it!
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