I have taken over the operation of my dad's business since his death. I am working on cleaning up the Quickbooks Desktop and need some suggestions on an issue I have. Back on December 31 1999, he ran the Condense Data option (I guess) as I have a group of Journal Entries done with a memo or Transactions created by using the cleanup process.
One example of an issue I have is a piece of equipment that was purchased and financed by my mom, for what ever reason, though this loan was paid back to her, he did not remove it from the books. I need to find a way to zero out this item in the list. I cannot edit the transaction, as I get the warning "This transaction is a result of cleaning up past transactions"
If I do a normal journal entry with a credit and debit for the dollar amount, to the same account, it just washes itself out and still maintains the original balance. The item is listed in the chart of accounts as a long term liability, I just need to figure out a way to zero the dollar amount out. Not sure why it's not, unless he just paid my mother back out of his earnings and did not process payments to her through QB. My mom is listed as a vendor, but as far as I can see I cannot make a journal entry to her, and I would also think that would make her have an outstanding balance due to her.
Please do not suggest that I talk to our CPA, as we don't have one. I just need to know how to zero this thig out.
