Yes, recording previous transactions are possible in QuickBooks, Ashley. I’m here to guide you every step of the way!
In QuickBooks Desktop (QBDT), you can use the Journal entry feature to record your previous years' income and expenditure. To do so, please refer to the steps below:
- Go to the Company menu and select Make General Journal Entries.
- Fill out the fields. Make sure your debits equal your credits.
- Select Save or Save & Close.
You can contact your accountant if you need help choosing the affected accounts. They can provide insights to ensure books are accurate.
For your remaining questions, you don’t need to bind or connect your bank to complete your transactions. Linking your bank account to QBDT is optional. All you have to do is add all your income and expenses to your account manually.
The benefits of linked bank accounts in QuickBooks can be a great time saver and prevents hours of troubleshooting later. It helps prevent duplicate transactions and has the advantage of avoiding typographical errors.
Since you just started using QBDT, here’s an illuminating guide that contains basic or common tasks in creating your company file: Get started with QuickBooks Desktop. It has steps to set up your customers, vendors, items, taxes, and financial accounts.
You’re always welcome to post your issues or concerns here in the Community. I’ll make sure everything will get covered. Take care always!
