Beginning Balance Transfer Utility (by Q2Q) for QuickBooks enables the user to take the closing balance of a file at a given day as the opening balance of another file. This way, the new file has the least number of transactions in it.
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Two ways to open a file. Method 1 - Use 'Remove all transactions' using your existing QuickBooks. Method 2 - Create a new QB file and transfer the data.
Create a new Invoice for each unpaid Invoice as of the transfer date selected by the user.
Create a new Bill for each unpaid Bill as of the transfer date selected by the user.
Create an Inventory Adjustment Transaction for each inventory item with an extended cost value as of the transfer date selected by the user.
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