"It's always best to start at the beginning." - - Glinda, the Good Witch of the North

First order of business is figuring out what information is available for 12/31/06. Were there financials? Was there a tax return? Are there any fixed assets? Is there any information available?

Fact is that, if there was an accountant in the mix, they should be able to provide you with a starting point. If not, then you should basically start with a new file as of 1/1/07 and start entering transactions. Prior year transactions will sort themselves out in the bank recs. Eventually, someone will have to come up with possible balance sheet information, if any. But if you just focus on 2007 transactions, that prior year information can wait, although that can be unnerving.

Charly