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This tip is about the how to Convert QuickBooks Desktop into QBO. So read this free guide, How to Convert QuickBooks Desktop into QBO step by step. If you have query related to same article you may contact us.
How to Convert QuickBooks Desktop into QBO – Guide
Spend some time on the Intuit website and you’ll start to wonder if QuickBooks Desktop is on the decline. Even if you’re looking at QuickBooks Desktop programs, the site automatically defaults to QuickBooks Online (commonly known as QBO) purchase options. The good news is that QuickBooks Desktop isn’t going away anytime soon. That didn’t stop Intuit from trying everything to persuade you to switch to QuickBooks Online. And contrary to what Intuit would have you believe, the desktop and online versions of QuickBooks aren’t the same.
While QuickBooks Online is a viable accounting software replacement for small and medium businesses, its lack of extensive inventory management and reporting capabilities makes it a less-than-ideal solution for larger businesses or current QuickBooks Desktop Enterprise customers.
How to convert to QuickBooks Online
If you’ve decided to convert your QuickBooks Desktop application to QuickBooks Online, we can guide you through the entire conversion process with these easy steps:
Before migrating to QuickBooks Online, it’s important to get back up your company files just in case something goes wrong and you need to restore your QuickBooks Desktop data files. In order to start the backup process, you will need to switch to single user mode. When in single-user mode, click on the File drop-down menu. select the back Up Company option and then the Create local backup option. Once in the local backup option, you’ll want to choose where to save your QuickBooks Desktop company backup file.
The system will automatically generate a test backup to ensure the process is working properly. Before starting the conversion process, you’ll also want to make sure your QuickBooks Desktop application is complete. up Until the present date. This can be done by going to the Help option and clicking on the Update QuickBooks Desktop option. This will download all current updates to ensure you have the most complete version before starting the migration process.
QuickBooks Desktop destinations include all line items for each recorded transaction. For example, if you have a sales order with 4 lines, that would be 4 destinations. Before migrating to QuickBooks Online, you need to check the total number of destinations in the app. To do this, you need to press Ctrl + 1 to access the info window. Total targets are located on the left side of the screen. To convert QuickBooks Desktop files to QuickBooks Online, the total number of destinations must be 350,000 or less.
If the total number of targets displayed is greater than 350,000, you have a few options. First, you can try to condense the number of targets, which will remove all closed targets, which helps to reduce the total number of targets. If that doesn’t work, you can only do a partial conversion to QuickBooks Online by transferring lists rather than entire files.
You will also have to save your current tax liability report before starting the migration process. Since report details will not be exported during the migration process, you will have to enter adjustment entries after completing the migration process.
If you don’t already have a QuickBooks Online account, you’ll need to create one now. Just visit the QuickBooks Online page to view the list of available plans and subscribe up for the plan that best suits your needs.
With the above steps completed, you are ready to begin the migration process. The process will differ depending on the version of QuickBooks Desktop you are using. If you are using QuickBooks Desktop Pro or QuickBooks Desktop Premier, you will first have to open QuickBooks Desktop as an administrator. Once on the system, you will select the Company menu from the main menu and select the Export Company File to QuickBooks Online option.
The process is slightly different if you are migrating from QuickBooks Enterprise to QuickBooks Online. First, you need to press Ctrl + 1 to access the product information window. Next you will need to click Ctrl + B + Q and then click OK. Finally, click on the Start your export option. If you are currently tracking inventory, you will have the option to migrate your total inventory. However, keep in mind that if you currently use advanced reporting and inventory, you will not be able to convert your current data to QuickBooks Online.
If you exported lists separately, you will need to import them into your QuickBooks Online company. These lists include:
In most cases, lists will be imported automatically during the migration process.
Final note
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