🛑 Open QuickBooks and look at your Balance Sheet right now

Scroll down to the equity section.

Do you see a number sitting next to "Opening Balance Equity"?

If that number isn’t $0, your software setup is completely broken.

It’s like building a luxury house on a cracked foundation—every profit report you run from this point on is fundamentally lying to you.

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Always seek the advice of a bookkeeping or tax pro, whichever is most appropriate, for your specific business situation.