Can someone help me with Quickbooks homework, please!?
When creating a new company file in QuickBooks you do not need to worry about the data entry start date.
2. QuickBooks creates an account called "open balance equity" for posting beginning balances
3. QuickBooks as rule does not adhere to the true accounting numbering system for the chart of accounts.
4. If you use a predefined chart of accounts from QuickBooks when creating a company file then QuickBooks will create all the accounts you will need.