I have a client that uses QB Pro 2016 on her computer. I currently use QB Pro 2019 on mine. Is it possible for me to upload a backup copy of her company file, update it on my computer (QB 2019) and then save a backup copy for her to upload back onto her computer (QB 2016) and it work properly?
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I have a client who has been in business for 4 years, and using QBP on their own. I have been tasked with making sure the previous tax year is up to date and ready for their CPA. I am finding that in the beginning, there was not a company specific checking account, and therefore there are a lot of payments received, but are in limbo in the on-deposited funds category. These funds may have been deposited into a personal checking account, of which I have no information on. To clear these out of "non-deposited funds" (and I mean like 3 years worth...) would it be appropriate to create an account, specify it as a bank, use the appropriate years, reconcile that account, then hide the account so it will not confuse anything going forward? As the previous years have already been filed with the IRS, I do not want to complicate the past years, and yet would like the current year I am working on be more "cleaned up". The company now does have a checking account, although I am unsure as to when this occurred, as it was not kept up in their QBP program. I have entered the beginning balance from the bank statement and want to simply progress forward.
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