Migrating payroll data is a bit tricky, tyler60, but I'll be here to help guide you through the alternatives so you can achieve your goal seamlessly.
Exporting payroll data is somewhat limited when compared to other financial data. You can still export payroll reports to help you transfer necessary payroll information. However, these are the transactions you can only import into QBO:
- Bank data
- Customers
- Suppliers
- Chart of Accounts
- Products and services
- Invoices
- Bills
- Journal entries
Since your account is new, you'll want to enter the prior payroll data to enter your employee’s year-to-date paycheck info and company totals. Here's how:
- Go to Taxes and select Payroll tax.
- Click Payment and then select Resources.
- Select Record tax payments, then Add Payment.
- Enter the details of your payments, including the period start, end, and payment date. Be sure to include the breakdown of each tax type that you paid.
- Tick OK.
Moreover, this article contains insights about turning on Multicurrency in QBO: Set up and use Multicurrency in QuickBooks Online. Please know that once this feature is enabled, you can no longer turn it off.
We'll get back to you whenever necessary if you have other questions about exporting or importing your data into QBO or other payroll-related tasks. We're always here to provide the help you need in any way.
