Upgrading from QuickBooks Self-Employed (QBSE) to QuickBooks Sole Trader (QBST) doesn’t necessarily mean you’ll lose all your previous accounts and invoices, ahughesflooring.
There are two options available for the upgrade which is through automatic switching or manual switching. Before starting the process, it’s important to download and save your reports, invoices, and accounting information to ensure you retain anything that cannot be transferred during the transition.
If you choose the automatic migration option, most of your data will be transferred seamlessly, such as customers, trips, products and services, bank connections, transactions, and receipts (from 01/01/2023 onward).
However, certain information, such as invoices, rules, tags, and supplier details, cannot currently be migrated automatically. You’ll need to save these items separately before proceeding.
If you prefer full control over the transition, you can go for manual migration. This option requires you to export your data from QBSE, subscribe to QBST, and manually upload your transactions into QBST.
To learn more about the process, check out this article: Switch from QuickBooks Self-Employed to QuickBooks Sole Trader.
Both options help ensure your data is not lost during the transition. The choice ultimately depends on your preference for convenience or control during the upgrade.
Once you've upgraded to Sole Trader, you may visit this reference to learn its features: Accounting Software for Sole traders.
If you need further assistance or guidance, feel free to reach out by leaving a reply below.
