new to existing business. chart of accounts is off by $800K. how do I fix this to make accurate? I do not have all records, some go back to 2014, please help!

Answer

Hi pbl.olivo,

You'll have to contact the prior business owner before you so you can accurately record all business transactions and fix your chart of accounts.

Also, I'd recommend seeking help from your accountant. He/she can help you further in recording your business transactions and guide you in the process.

In case you need a reference, you can visit our QuickBooks Online Help Articles page for tips and related articles in recording your business transactions.

If there's anything else that I can help you with, please let me know in the comment section. I'll be always around ready to help.

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