 Now, we could then add our list of vendors, which is a similar process that we did with the customers, where you could export all your vendors from the prior accounting system and then add them. However, we're just going to add one vendor that we happen to owe money to because I'm really concerned with entering this beginning balance. And all the other vendors, I might not need to add them from my prior accounting system because I'll just add them as I start paying them. So that's one method that you can use. So you could add all your prior vendors, or you might just add your vendors again as you start entering expense forms and what you might do through the bank feeds. As the bank feeds come through, you might just create your vendors as you're going. And that way, and in that way, you might be able to slim down the number of vendors because if you've been doing business for some time from a prior accounting system, you might have a whole lot of vendors that you did business with in the past that you don't plan on doing business with in the future and which are not really helpful for you possibly to add them into your QuickBooks system if you're not entering all that prior data in terms of the dollar amounts that you paid them in the past. So we could do the importing process just like we did before. I could go here and import all the vendors. So if we were to export our vendors and we wanted to import them as we did with the customers, we could do that. We can look at the form that they give us on the vendors, match out our titles just as we did with the customers. So I'll just take a look at it here. We won't actually do it, but let's take a look at it. And there's your headers up top. You've got the same kind of problem with the names of the vendors where you might have your name in two different cells or you might have the last name, comma, first name. And then you want to switch it to first and then last or then you might want to break it out into one cell or then put it into two cells, right? All those little Excel tricks, you can usually find a nice way to format the data the way you want it by searching in like a YouTube search for an Excel trick on how to separate a name that's separated by a comma or separated by a space or combine two names that are in two cells into one cell. So I won't go into that in detail here, but just be aware of that. But we're just going to add, since we did this before, we're just going to add this one item and not import it. I'm just going to add another vendor. So I'll just close this out and I'm just going to say New Vendor. And then I'm just going to call it Epiphone. That's who we buy our guitars from. So we have Epiphone, this outstanding balance of 15,000, boom. And then I'm not going to enter any added data for them. So that's all I really need from them. I'm not going to 1099 them. That's the only one that's really often kind of you want to think about if you have a small vendor that you're paying. But I want to add the opening balance, which I would only do when entering the opening balance when starting a new company file. Otherwise, you don't really want to use that pretty much ever after that point in time. So then I'm going to hit the plus button or the calendar and make sure that I enter this as of the last day of the prior year. 1231, it won't let me enter it as of the last day. What is going on? Oh, hold on a second. Yeah, let me do it. Here we go. 123122. I don't know what I was doing. So there it is. And so that should be good. So it'll create a transaction. So I'm going to enter that. And then you can see there's Epiphone right there. So the next step in the process would be for us to make a payment. And the make a payment will tie out perfectly because if I go into Epiphone here, it created a bill. And you're like, yeah, I didn't enter a bill. I just entered the beginning balance. Yeah, but I still want to bill, even though it's not the actual bill I created in the prior accounting system, because the next step is to pay the bill. And so the next natural step in the accounting department would be boom, bill, pay bill. And I want to be able to have that bill to pay. Notice that if I entered it with a journal entry, if I entered this with a journal entry, I might be able to apply it here, but it would be in the form of a journal entry, which doesn't easily tie out to the next step, which is for me to make a payment that ties out to the journal entry, so the journal entry would be closed. I want the bill to be closed after we pay it. That's why we don't just enter it with a journal entry form, even though from just an accounts standpoint, that would work. It doesn't work with the next step in the accounting process. We want to use the form in that case. Let's look at the forms here or the financials, and run it to refresh it. So now we've got our liability account of accounts payable at 15,000. If I go into that, drilling down, it made a bill form. If I go into the bill form, it's just a generic bill form that it made. The other side went into other miscellaneous expense, which is a generic expense account. So I'm going to close this back out. And then, so there it is, other miscellaneous expense. I'm going to go back. And so then the other side is going to wash out to net income on the balance sheet on the income statement, run it to refresh it. There it is. Now we've got this services income. I kind of wish they used to, like sometimes they used to put it into uncategorized income, which I feel like would be a better category when they force this thing to happen. But it doesn't matter because they're on the income statement. They put the other side into other miscellaneous expense, but I'm not worried about that because it's in there as of December, 2022. And I only want things to be correct as of January 1st, 2023. So all this data doesn't matter because the 2022 numbers are in my prior year accounting software, not the current year. I'm just adding the beginning balances. So if I change this to 010123 to 123123 and run it, there's nothing in it. That's good. So I'm good to go going forward. On the balance sheet, I've got this amount in net income now, which represents the invoices that entered with the accounts receivable and bills that we entered with the accounts payable, but it'll roll into retained earnings in the next period. So if I go from 010123 to 123123, it rolls into retained earnings. So our strategy is working in essence because my total equity here is correct. Everything's gonna wash out to equity as of January 1st, 2023. And then I'll just make a journal entry for equity to be correct balance as of that day into the correct account, which I'll change the retained earnings to owner's equity and we'll get rid of the opening balance equity at that point in time.