Methods to Successfully Perform the QuickBooks Migration to Online Process
markwilliam8506 August 23, 2024You might want to switch to QuickBooks online due to many possible reasons, like better features. If you are planning the move, you need to transfer your data to the new version. The QuickBooks Online migration process is fairly easy to perform and can be undertaken by regular users. To perform the QuickBooks migration to online process, you need to prepare the data and perform the conversion steps provided in this blog below.
If you are having difficulty understanding the steps or resolving the error code on your own, you can call us at 1.855.738.2784 to get assistance from our QB professionals.
Factors to Decide Whether to Migrate to QuickBooks Online
If you plan to convert QuickBooks Desktop to Online, you need to learn about the following deciding factors –
- QuickBooks Online has more add-on features than QuickBooks Desktop, along with numerous cloud-based applications.
- QBO stores your data in a safe environment on cloud software, which makes data safe and secure.
- In QuickBooks Online, multiple users can access the application at the same time, which makes the application more convenient.
- There is no need for data backups in QuickBooks Online, and you can access the data from anywhere at any time.
Effective Steps to Successfully Migrate QuickBooks Desktop to Online
You can move to QuickBooks Online by performing the steps provided below –
- Firstly, you need to back up your company file by going to the File menu and selecting the Local Backup option to click Local Backup.
- Once you create the backup, a confirmation message will appear on your screen, and you need to update QuickBooks Desktop afterward.
- Update QuickBooks from the Help menu and verify the total targets by pressing the F2 key on your keyboard.
- Next, you need to save the sales tax liability report from the Reports menu and export the reports and lists by going to the Report Center.
- Format the data from the Advanced tab, and when the export is ready, you can form a QBO account to perform the QBO migration process.
- Create the account, then go back to QuickBooks Desktop and select the Company menu to import the data files to the online version.
- You can transfer the inventory to the online version from the Account and Settings section, and the system will calculate the inventory using the FIFO method.
- Once you move the reports, data, and lists, you need to review the transferred data to look for any mismatch.
- For this, you need to access important reports, like the P&L account and balance sheet, and check the data for any mistakes or missing elements.
- Confirm the data transfer, and then run QuickBooks Online to operate the various business and accounting functions.
Conclusion
You can perform the QuickBooks migration to online process by using the steps given in this blog. If there are issues in the conversion process, you can reach out to us at 1.855.738.2784 to get assistance from our QB experts.
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