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Level 2

Transfering from Sage 50

I have read through the checklist for converting from Sage 50 to Quickbooks in preperation for moving my client however I have a question about bank reconciliation. My client is several months behind on inputting expenses and therefore bank reconciliation. Is it possible to do this in Quickbooks once transfered or would the fact things are not up to date cause issues?

 

Thanks in advance

Solved
Best answer 01-09-2020

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Highlighted
Moderator

Transfering from Sage 50

You are most welcome, Lexie.

 

We are glad that that previous response helped you.

 

Yes, you can deselect any unreconciled transactions after the conversion. Unreconciling the transactions doesn't mean they are totally removed from the register. They are still there waiting to be reconciled.

 

Here are some references to help you with reconciling a bank account: 

We'll keep an eye on this post if you have more reconciliation questions. 

 

 

 

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3 REPLIES 3
Highlighted
Moderator

Transfering from Sage 50

Hi there, @Lexie22.

 

Reconciling the bank accounts before converting data from Sage 50 to QuickBooks Online (QBO) makes work a lot easier. To finalise the data and get QuickBooks ready, you have to complete some post-conversion, and one of them is to clean up bank reconciliations.

 

After the data has been converted, all bank accounts show as unreconciled in QBO. You need to mark all transactions up to the conversion date as reconciled, so it only considers future transactions for reconciliation. However, if the accounts are not fully reconciled, you'll need to deselect some transactions (the ones you did not reconcile).

 

I've attached some articles you can use as reference to migrate from Sage 50 to QuickBooks Online: 

Feel free to hit the Reply button if you have any other questions. Have a great day ahead. 

Highlighted
Level 2

Transfering from Sage 50

Thanks for the response. Just to clarify I can deselect any unreconciled transactions after conversion then the system will register them as needing reconciling when I am ready to do so?

 

 

Highlighted
Moderator

Transfering from Sage 50

You are most welcome, Lexie.

 

We are glad that that previous response helped you.

 

Yes, you can deselect any unreconciled transactions after the conversion. Unreconciling the transactions doesn't mean they are totally removed from the register. They are still there waiting to be reconciled.

 

Here are some references to help you with reconciling a bank account: 

We'll keep an eye on this post if you have more reconciliation questions. 

 

 

 

View solution in original post