 Now, we've been putting in balance our beginning balances. Imagine we have another accounting system or had one prior to using QuickBooks. We're entering the beginning balances into the system, these hour-hour beginning balances. We're going to enter them into the system as of the last day of the prior period that was in the prior accounting system, December 31st, 2022. We're going to then start the new data in our system as of January 1st, 2023, moving forward. We started entering the most difficult balances, which are the inventory, oftentimes, and the accounts receivable and the accounts payable due to them having sub-ledgers that we need to be careful of as we enter the data. Inventory having a sub-ledger for the units of inventory, accounts receivable, a sub-ledger related to who owes us money, customers, accounts payable having a sub-ledger related to who we owe money to, vendors. Now we're going to enter all the rest of them and we'll give a short discussion on some things you might need to consider with them, but we won't go into them in as much detail. It should be a little bit more straightforward to enter some of these transactions, the checking accounts, and then we'll enter the furniture and equipment, the accumulated depreciation, the visa, and the loan. Same strategy. We'll enter them one at a time. The other side of the transaction is going to go somehow to opening balance equity, most likely to, I'm sorry, somehow to equity in total. Most likely these accounts will go to opening balance equity and then we'll fix opening balance equity or the equity accounts to represent the proper amount in equity, which should be in owner's equity. Okay. Cash account. Let's open up the cash account. Now cash has its own kind of special concerns that we'll have to deal with and the concern is going to be, for example, the bank reconciliation. So you can connect it to the bank. We're not going to be focusing on bank reconciliation here. We will do that in another section or a course later. The other concern also is going to be if there's outstanding checks or deposits in the system, how is that going to impact our bank reconciliation? We'll talk about that in the future. We'll run into that problem when we do the bank reconciliation in another course or section in the future. So entering the beginning balance, we have to use this $25,000 even if that balance is different than the bank balance as of December 31st, 2022, which it may be if there was outstanding checks and deposits. But I have to use this balance to be in balance, right? And then we'll worry about that issue with those outstanding checks and deposits and we'll get into how to deal with that when we get to the bank reconciliation. So if I go back to our accounts tab to the left and I'm going to go into our chart of accounts. I'll just do this by going to the chart of accounts and I'm going to hold control, scroll down to the accounting on the left-hand side and then chart of accounts up top. If you're in the business view, by the way, it's going to be under the bookkeeping and then the chart of accounts on the left-hand side and then you have to open up the chart of accounts. Okay. So now this is our list of accounts that were given to us by, into it by QuickBooks when we set up our accounts. We have a cash account up top. So you might want to like change the name of the cash account, but we might just use that cash account. That's her strategy. I'm going to use the account if it's there, if I don't like the name, I'll change the name. If there's not an account there, then I'll add an account. So this is the, they put it as their cash on hand account. So but that's okay. I'm going to say edit. Let's go ahead and edit this one. And then, and then this sub-account doesn't matter too much, but I'll just change it to my checking account. And then you might put like the name of your account. You might put the bank name and you might put like the last four digits of the account number or something like that, which is useful for internal reporting purposes because it helps you to locate which account you're dealing with. If you have multiple accounts, although it's a little bit messy for external reporting purposes, but oftentimes our goal is to get the data input as easy as possible. And then we're going to go down below and we've got this thing that says start date opening balances. Now you're only going to use these when you're first setting up the accounts as we're doing here to get those beginning balances in place. So I'm going to say it's going to be a beginning balance as of, let's say beginning of the month. So say other date and I'm going to choose the date as has been our process at the end of December, December 31st, 2022. So everything is correct as of January 1st, 2023, opening balance 25,000. And that should allow us when we do the bank reconciliations to have that opening balance be the right number at that point in time. So I'm going to go ahead and save it and say changing the type of tax form section of the account may affect your accounting. So I'm going to go ahead and are you sure you want to say yes and close this out. So now we've got our account there. If I then go into my balance sheet up top and run it to refresh it. Now I've got the cash account, which I'm going to say is my checking account. And then I'm going to go into that number and it used a deposit form. Notice again, I didn't enter a deposit form. I just entered the beginning balance, but it entered it with a deposit form, which makes sense. That's the form you would typically use to increase, you know, the checking account. So that's what it used. There's a deposit form. It put the other side to opening balance equity, which is what we expected closing this out. Other side in the split also indicating opening balance equity back to the report. Then if I scroll down, opening balance equity, there's the other side going into it. And there it is with a deposit form. No impact therefore on the income statement. So I don't have to worry about that at all. So that is that one. So we'll get back to that opening balance issue and the bank reconciliation, which is kind of an issue for the first bank rec in a future section or course on that.