Run the file Cleanup Utility
I finally learned that I can run the file cleanup utility and remove all transactions and start the company over. This was possible because I only had entered a few transactions. The cleanup utility worked great, because it does not erase any of your customers data, phone, address, etc. which I had exported from Excell. But it does erase all transactions and opening balances, etc. You basically start totally as a new company with the same name. It does require you to archive the previous data into a backup file. Some are using this feature to start their company over at the end of the year.