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Starting 2020 from scratch

DanVDanV Member Posts: 5

I'll be wrapping up my first year using Wave and want to start 2020 with a new chart of accounts. How can I add adjusting entries to essentially start 2020 fresh?

in Accounting Technical Support

Comments

  • MikegMikeg Member Posts: 995 ✭✭✭

    @DanV,
    Why not just adjust the current chart of accounts and change how you want to classify expenses beginning in 2020?

  • JordanDJordanD Member Posts: 515 ✭✭✭

    @DanV Are you able to explain why you would be trying to create a new chart of accounts for the new year? I think understanding the whole context here would be valuable in determining the appropriate next steps!

  • DanVDanV Member Posts: 5

    Just simplifying things, I had too many income accounts and too many products.

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