Can I enter adjusting entries from a previous software before Quickbooks subscription? For example I started using Qbq on Sep 2019 and I need to enter for December 2018.
I'm glad to see you've recently joined the QuickBooks family! I hope you've been enjoying the great features built to help you run your business and streamline your books. Entering previous information is a crucial part of setting up a new accounting software, and the cloud-based nature of QuickBooks Online ensures you'll always have access to this data. Depending on the amount of details required, there are several ways to bring in these amounts. The easiest is to record them as journal entries. I'll be happy to help set these up.
While QuickBooks Online has a focus on providing a simple way to record complex transactions, journal entries allow you to take full control of your books. Most of these are handled in the background, but there's clear benefits to using them in times like these. You can record a journal entry in just a couple easy steps:
Click the + New button and select Journal Entry.
Enter a Date, select the required accounts, and then enter the necessary amounts.
Click Save and close.
To save time, many of our users opt to enter all of their opening balances in a single journal entry. This is something your accountant is well-suited to help you with. You can easily invite your accountant as a user to approach this together. To search for a pro in your area, simply head to the My Accountant tab in QuickBooks Online then click on Find a pro to help.
Let me know how this goes! I'm here for you if you have any other questions.