"QB's is supposed to reset the income and expenses to 0 (for report info) at the beginning of each year and"
I disagree here. I wonder if your classed on QB and accounting covered "closing the year" or "closing the books." Many new to accounting forget or disregard this.
Bob
Using Quick Books Pro 2007. Trying to generate a balance sheet in the reports section, but it keeps showing a large starting income then adding this years to it. QB's is supposed to reset the income and expenses to 0 (for report info) at the beginning of each year and apparently it is not doing this. I have modified the report, but it does not change (to just this year). Can anyone come to my rescue, PLeaaaaasse

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