I am transitioning from Quickbooks to EZAccounting. I am doing this manually for several reasons, partly to learn the new software, and partly because Quickbooks does not make it easy to transfer actual data to a different program.
I have entered the income and bills from the first of the year, and went to reconcile the bank account. Although I entered the value as of 12/31/24 of the checking account when I added the checking account Account, it does not show up in the reconcile screen. I have a 0 for the previous balance. Do I need to enter an invoice for the previous balance? That will make the account balance wrong (it is currently correct), but would allow me to reconcile. What is the best way to handle this situation? I'm keeping track of 2 businesses, and started with the least complicated, but I will encounter this problem in both businesses.Thank you for your assistance!
-Cindy