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nasih-equipemald
Level 1

I have been copying My existing Company's Data in to an international account as the first account was a Quickbooks Online US account when signed first time. It is stuck

I have been copying My existing Company's Data from a quickbooks online US to an international account as the first account was a Quickbooks Online US account when I first set it up. The Taxation from the U.S to the rest of the world does not match. We have Vat tracking on purchases (Bills).
2 Comments 2
4Gal
Level 11

I have been copying My existing Company's Data in to an international account as the first account was a Quickbooks Online US account when signed first time. It is stuck

How did you "copying" data from QBO US to QBO Global? Did you purchase a 3rd party conversion service?

 

AnneMariee
QuickBooks Team

I have been copying My existing Company's Data in to an international account as the first account was a Quickbooks Online US account when signed first time. It is stuck

Thanks for posting here in the Community! I'm here to provide information about the difference between a QuickBooks Online (QBO) account in the United States (US) and one based internationally.

 

The main difference between QBO US and QBO International accounts is the taxation features. QBO US accounts are for the US tax system, focusing on state and federal taxes. On the other hand, QBO International accounts are for the tax requirements of countries outside the US, including features for managing Value-Added Tax (VAT) in VAT-regulated regions.

 

Because of these differences, the taxation in your QBO US and international accounts will not match. You'll need to set up taxes in your QBO international account separately, including your tax agency, tax period, and filing frequency specific to your country or region.

 

Here's a helpful resource on small business taxes for your reference: Ultimate guide to small business tax forms, schedules, and resources.

 

For future use, here's an article to help you prepare for tax season this year: Tax dates for 2024.

 

Feel free to return to this post if you have any more questions about setting up your taxes in QuickBooks or migrating your data to another company. The Community is always here to help.

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