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willea3015
Level 1
posted
‎September 30, 2021 10:01 AM
last updated ‎September 29, 2021 5:01 PM

Can anyone plse advise re the change of company structure from sole trader to company within quickbooks?

Hi we are changing company structure we obviously need to close the sole trader account at a date in time. how do we get all the stock into the new account with its purchase dates and costs ie FIFO and all the service and product codes (in the 000's) without any p
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3 Comments 3
IntuitSheila
Level 8
‎September 30, 2021 10:46 AM

Can anyone plse advise re the change of company structure from sole trader to company within quickbooks?

Hi willea3015,

 

You can export and import the products and services to the new QuickBooks Online file you have. On the import file, enter a specific Quantity as of date. To export the products and services:

 

  1. Click on the Gear Icon.
  2. Click on Products and services.
  3. Click on the Export icon right above the ACTION column.
  4. Save the file in your computer.

 

To import the products and services:

 

  1. Log in to the new QuickBooks file.
  2. Click on the Gear Icon.
  3. Click on Import Data.
  4. Click on Products and services.
  5. Click on browse and select the file.
  6. Follow the prompts to complete the import process.

You may need to double check the exported excel file and reformat the Excel to successfully export data to the new QuickBooks account.

 

You can check these articles to learn more about exporting and importing data in QuickBooks Online:

 

Let us know if you more help by dropping a comment below. Have a nice day!

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willea3015
Level 1
‎September 30, 2021 12:47 PM

Can anyone plse advise re the change of company structure from sole trader to company within quickbooks?

hi sheila

 

thank you

 

so does this export and import with all the associated costing and dates within each product?  or just the account numbers in chart of accounts

 

thanx

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IntuitSheila
Level 8
‎September 30, 2021 01:15 PM

Can anyone plse advise re the change of company structure from sole trader to company within quickbooks?

Hi willea3015,

 

The exported excel file contains the Quantity as of date, sales, and purchase price too. For the file you'll import to the new QuickBooks Online account, you may have to edit the format of the file to be able to import it successfully.

 

Please refer to the article about Import products and services into QuickBooks Online for a more detailed steps on how to import the products.

 

If you need more help with the process, we'd recommend contacting our Customer Care Team to guide you.

 

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