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dpjyates
November 3, 2019
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Can you archive / process year end of previous years data without reconciling

  • November 3, 2019
  • 1 reply
  • 0 views
have been using QB for several years now but mainly for banking and invoicing, now I want to use it properly, but don't want to have to reconcile the last 4 years worth of data!
Best answer by

Hi there, dpjyates.

 

Every transaction recorded in QuickBooks Online is part of the company's financial statement. They can't be archived. For you to process your year-end returns, you'll have to reconcile the past transactions. 

 

In case you have challenges when reconciling, we've got an article for solutions. Please check it out: Fix issues when you're reconciling in QuickBooks Online.

 

On the other note, you can sign up for a new QuickBooks Online account to start fresh for the new fiscal year. You'll have to export the customer/vendor, product and chart of accounts lists to excel, and import them to the new account. Then, set up your new company account. 

 

To sign up, here are the steps:

  1. Go to this page: https://quickbooks.intuit.com/pricing/.
  2. Choose a plan.
  3. Click on Sign in.
  4. Enter your User ID and Password.
  5. Set up your new account.
  6. Import the lists.

Allow us to help you more with setting up and reconciling your account by posting more questions. We are here to help. 

1 reply

A
Anonymous
Answer
November 3, 2019

Hi there, dpjyates.

 

Every transaction recorded in QuickBooks Online is part of the company's financial statement. They can't be archived. For you to process your year-end returns, you'll have to reconcile the past transactions. 

 

In case you have challenges when reconciling, we've got an article for solutions. Please check it out: Fix issues when you're reconciling in QuickBooks Online.

 

On the other note, you can sign up for a new QuickBooks Online account to start fresh for the new fiscal year. You'll have to export the customer/vendor, product and chart of accounts lists to excel, and import them to the new account. Then, set up your new company account. 

 

To sign up, here are the steps:

  1. Go to this page: https://quickbooks.intuit.com/pricing/.
  2. Choose a plan.
  3. Click on Sign in.
  4. Enter your User ID and Password.
  5. Set up your new account.
  6. Import the lists.

Allow us to help you more with setting up and reconciling your account by posting more questions. We are here to help. 

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