How to enter AR and AP opening balances after regular transactions have already been entered? (QB Enterprise)
We have recently acquired a new business. The acquisition's books were on QB enterprise and we are continuing to use the same software. We have created a new company file, but were still awaiting our accountant's opening entry. In the meantime, the acquisition continued to do business seamlessly. In order to continue operations we have invoiced clients and recorded accounts payables without entering opening balances for AR or AP. I now have the opening entries along with opening balances for each AR and AP that we have assumed. How can I enter opening balances for these accounts? I hoped to enter them through General Journal entries, however, journal entries only allow one AR or AP control account entry even if there is a different client or vendor in the "name" field. Will I need to create a single journal entry for each client and vendor? Is there a better, faster way of doing this. Our client and vendor list is quite extensive.