QB Issue Resolution:
Create your accounts with zero opening balance.
The take the closing ‘trial balance’ report from the old system and post it to QB as a single giant JE.
Resolution for Issue 'How do I manually enter YTD expenses in a new Quickbooks account? I was going to do journal entries, but what would be the offsetting credit account?' available: Yes (Solved).
Source: Intuit Community forum.
How do I manually enter YTD expenses in a new Quickbooks account? I was going to do journal entries, but what would be the offsetting credit account?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for How do I manually enter YTD expenses
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Error Recovery for How do I manually enter YTD expenses [Canada]
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