qbteachmt
Level 15

Other questions

@Abachelorgirl

 

You never stated Why you are starting a new file. You don't do this for a new fiscal year; you just keep working in that one data file.

 

@JamesDuanT

 

You avoid Beginning balances, because you are bypassing Sales and Income. A cash basis entity and an accrual basis entity both would use Actual Invoices, dated Historically, for example.