I've been using QB 2006 Pro since 01/01/2006. If I pull up a display of the full GL from 01/01/06 to today, I get a complete display of all balance sheet account activity for the entire period as expected. But the income and expense accounts only display activity beginning 01/01/2007.
Thus, for example, an expense which was accrued and entered on 12/15/2006 shows up as an appropriate entry in accounts payable, but not in the corresponding expense account.
I'm guessing that this has something to do with the year end, although I've never done a closing at 12/31/2006.
Please explain.