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April 19, 2021
Question

Setting up prior year in QB Online but only want to enter for the year and not monthly, what is the best way to start this. I am going back to 2018

  • April 19, 2021
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1 reply

April 19, 2021

Hi k_denby-hotmail-,

 

It's great to see that you're using QuickBooks Online for your business needs. You'll find QuickBooks Online, being a cloud-based program, is very accessible. You can even use it on your phone while you're on the go. I can provide you with some information on creating entries for your previous years.

 

With the information you've provided, it sounds like you may just be setting up your QuickBooks Online account. Generally, when you set up your account, you'll enter your opening balances. Your Opening Balances will include the amounts for prior years. I've found an article that addresses creating opening balances; Enter an opening balance for an account in QuickBooks Online.

 

If you've been using your QuickBooks account for a while, I've also included an article that you can use to guide you through making historic opening balances or journal entries; What to do if you didn't enter an opening balance in QuickBooks Online.

 

I wanted to provide you information for importing data into your QuickBooks account, in the case that you have the information saved in a CSV or excel file; Common questions about importing data to QuickBooks Online.

 

Please reach out if you have any other questions. I'm here to help. Take Care.