So short background. Building is 50 years old , 12 units, 12 owners , accounting for condo association has been paper and pen all this time. I took upon to fix the books as the condo is loosing money and transfer everything into quickbooks. I can only go back to October 2018 because prior to that there is no access to records, stolen association fees, and a whole bunch of other mess. So my question is... what entry do I make for beginning cash balances? I don't think I can credit the net assets or capital credit because that cash balance is composed of association fee payments prior to October 2018... If I do put it to net assets how do i take it out later? Sorry I haven't done accounting in years and just need some guidance.