Hi. I've just taken over the bookkeeping for a client who uses Quickbooks. His exgirlfriend has been doing his books for the last few years and they are not perfect by any means. I have checked all the supplier invoices for the last tax year so what has been going in and out is correct but the balances for some of the suppliers were incorrect at the start of the year so are obviously wrong at the year end as well. Some of them did not have any activity at all last year but still have a balance showing.
What is the best way to deal with these? I'd like to fix them so that at the start of April they are correct. I have no hope of going back and finding the errors from when they happened.
I would like to start a new Quickbooks file as of April but the customer is reluctant as he has lots of items, customers, suppliers in there which would take ages to replicate.
Thanks for that. I brought a copy of his file home and looking deeper found more "stuff" going on. I definitely need to start again. At least then any mistakes will be my mistakes. Finding out the outstanding customer balances might be interesring... And if I can just keep him off his laptop now things will be fine!
