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M
ModernJK
June 10, 2022
Question

How to start over from a certain point?

  • June 10, 2022
  • 1 reply
  • 0 views

My books have gotten so messed up from a beginning balance from several years ago, I somehow managed to make my balance sheet look normal but I haven't been able to reconcile. Basically I reconciled most of 2021 but had no idea what I was doing, finally figured out the issue and it was a beginning balance problem from as far back as 2019. I fixed all of this but since it was reconciled already, I can no longer reconcile as it thinks there's a bunch of deleted transactions. My tax return and everything, balance sheet looks fine it's just that I obviously confused the software. 

Is there a way to just start over from January 1st 2021, start reconciling month-by-month and just tell quickbooks what the balance was for each account on January 1st? Basically I want to start over from a certain date forward. Can I do this? 

1 reply

Fiat Lux - ASIA
Fiat Lux - ASIA
June 10, 2022

Unless you have a backup restore tool and created a backup point at a specific date/time, you have nothing.

 

I would recommend opening a new blank QBO account instead.

https://quickbooks.grsm.io/Canada

https://quickbooks.grsm.io/CFIB

 

then utilize a 3rd party tool to migrate data and reconcile your new account per month starting January 1, 2022

https://transactionpro.grsm.io/qbo

 

Otherwise, you can purchase a 3rd party service to assist. 

T
Trish_T
June 10, 2022

Hi ModernJK,

 

Thanks for reaching out here.  QuickBooks Online has the features you need in situations like this, without the need to open a new account as advised above .  I'll be happy to provide more information so you're on the right track with your work!

 

I recommend reaching out to your accountant.  They'll have the ability to undo all previous reconciliations back to the date for which you'd like to start over.  This will allow you to ensure the beginning balance is accurate and you can reconcile in sequence with confidence.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

If you have any other questions, please don't hesitate to reach back out.  We're always glad to assist!

 

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