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Identifying the Starting Trial Balance

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Whether you use the default Start version or the Detailed Start/EasyStep Interview version of the QuickBooks Setup process, you don’t get a complete trial balance in the QuickBooks company file simply by setting up. Assuming that you follow the instructions and tips provided in the preceding paragraphs, you get only your bank account, accounts receivable, inventory, and accounts payable balances in QuickBooks. Yet you need to enter all the missing trial balance information in QuickBooks, too, to begin getting good reports out of QuickBooks and to use the software for supplying financial data to your tax returns. I end this chapter by talking about how you get the rest of the trial balance data into the QuickBooks company file.

QuickBooks 2022 All-in-One For Dummies

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