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I have a client that is in the process of setting up a fresh set of books effective Apr 2020. What would be the most efficient way to bring all the payroll details into the new books? 2020 T4's were issued in old books.
and
is there any way to move invoices from old books to new books. Both Desktop versions?
Would like to be efficient as possible and avoid labour intensive data entry.
Thank you
Hi CarBot44,
I know time is precious, and efficiently moving data from one company file to another can save you hours of data entry as you've asked about QuickBooks Desktop and not an online version of QuickBooks. I can help you with the correct information for moving data to your new company file.
This article gives you steps for moving the information from reports and lists to the new company file: https://quickbooks.intuit.com/learn-support/en-ca/banking/start-a-new-company-file-with-data-from-yo.... If you have any questions while going through the article, don't hesitate to ask.
Have a terrific day!
You may have 2 ways to create a new company file:
1. Utilize a migration tool
https://transactionpro.grsm.io/qbd
As an additional note, you can migrate your historical payroll data as Journal Entries into the new company file.
2. Purchase a 3rd party file reset service.
It is a service that will delete all closed transactions from your data file and give you a clean data file with beginning balances and open transactions. The following is a list of what is converted to the new data file:
Chart of Accounts with current balances
Customers List with current balances
Vendors List with current balances
Jobs
Other Names
Items List
Assembly Builds
Inventory Quantities and Values
Employees List
Summary Trial Balance (no detail)
Open Invoices
Unapplied Credit Memos
Unpaid Bills
Unapplied Bill Credits
Open Estimates
Open Sales Orders
Open Purchase Orders
Multi-Currency data is converted
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