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I am attempting to move from GNU Cash to Quick Books. My accountant uses Quickbooks and has recommended I move over.
The chart of accounts appears to be strait jacketed by a limited list of Account Type and Account Detail Type which can be selected.
The provided list does not fit with my pre-existing chart of accounts, so I cannot import via the excel spread sheet. Furthermore, as I cannot create my own Type or Detail Type it is going to be extremely difficult to logically set up a new chart of accounts that fits with the old.
I am certain that I cannot be the only person confused and disappointed by this.
Frankly I just don't get it. How is this the most popular system if you cannot set out your chart of accounts as desired.
Hello JohnMike, thanks for posting on the Community page, Here is some links to helpful articles that I hope will help you. I have also passed this feedback on as well. Any questions feel free to add them on to this thread.
It is actually worse than I at first thought.
In the tutorials it states that you can choose an appropriate Detail Type for a child/sub account.
What it neglects to say is that a sub can only have the same account type as a parent.
So this apparent glimmer of flexibility does not in fact exist.
The only way that I can construct a meaningful chart of accounts with a logical tree structure is to set everything to Expense Other. This entirely negates the supposed "power" of qb to allow you to interrogate your data and get meaningful information out.
I am only hoping that tags work as anticipated and permit application of transactions to jobs.
In the absence of tags I will just pull the plug and ask for a refund as this more than a bit rubbish. I feel distinctly misled.
Consider to purchase a 3rd party service to convert your data from Gnu Cash to QBO.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.