Your opening balance in the new company is your balance sheet from the old one (if it is at year end). Enter it as a journal entry. Any a/r or a/p should be entered as invoices/bills dated in the prior period.
Resolution for 'company first issue: 'What all should I enter when creating the company first time in Quickbooks?' available: Yes.
The company first 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 company first issue yourself by looking for a resolution described in the article. If it is a complex company first issue or you are unable to solve the issue, you may contact us by clicking here or by using other company first support options.
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