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Level 1

Had to start a new account - how to transfer?

Hi....after using the same account now for years, my accountant told me I need to open an LLC corporation and start a new QB account.   I already did that but now I am unsure how to start a new QB account.....I have about $20,000 in my old account which I dont want to show as a straight deposit or profit in the new account, plus accounts receivable, people who are paying me now into this new account so not sure how to go about "bringing" data in?   Whats the best and most "painless" way to handle this?   Thank you so much!

2 Comments 2

Had to start a new account - how to transfer?

I'm here to help transfer your data, @nexgraphics.


You can create a list of invoices, your accounts receivable entries, and import the file into your new account in QuickBooks Online. I'll show you how.


Firstly, the following links below are sample files you can use to create the CSV file showing a list of your invoices:



Once done, follow the steps below to import and create your invoices all at once:


  1. Go to the Gear icon.
  2. Under Tools, select Import Data.
  3. Select Invoices.
  4. Click Browse.
  5. Find and open the CSV file of your invoices.
  6. Select Next.
  7. Click Import.


To add, here's an article you can read to learn more about importing invoices in batch: Import Multiple Invoices at Once.


However, I suggest contacting your accountant for guidance in choosing the specific name of the account to use for your $20,000 funds. If you haven't yet, use this link to find someone near you: Business is Better with a ProAdvisor.


Lastly, I've also included this helpful article for ideas about the other methods you can start using in accepting payments from your customers: Record Invoice Payments in QuickBooks Online.


Keep me updated in the comments if you have any other questions about your QuickBooks account. I'll be here to lend a helping hand. Take care and stay safe!

Level 1

Had to start a new account - how to transfer?

Thanks very much appreciate that!

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