I need help. I just started a new job last week. The owner had another accountant last year that retired. He hired someone else in February of this year. Now he is quitting. Now here is the problem. The first accountant had set up a fictitious bank account. I don't know why. The new bookkeeper wrote checks off the fictitious bank account. I am trying to balance this bank account. Do you think I should set up a new bank account for 2009 and start from January 1,2009 and completely ignore the fictitious bank account. The person that is quitting says no to that. I say yes. I would like to know what your opinion is.
Thank you

I would say ask the owner. It's there money so explain it to them and ask them.