cancel
Showing results for 
Search instead for 
Did you mean: 
Eve2019
Level 4

BUSINESS

Hello,

 

I have Quickbooks Desktop.

 

I'm a   sole proprietor and soon becoming a corporation ENT, Inc.

I have my history in Quickbooks as far as a vendor, customers, etc... 

 

I will be getting a new business license and seller permit and I have my EIN

 

My question is how can I transfer all my information from the sole proprietor account to Corporation in QuickBooks.. or do I need to enter a new company in QuickBooks not changing anything from the sole proprietor. 

 

Thanks

 

2 Comments 2
Jessica_young
Moderator

BUSINESS

Hey there @Eve2019

It's my pleasure to help you get your business transitioned today!

  1. Open QuickBooks. Click File on the menu bar and select Open. Browse to the folder containing your QuickBooks sole proprietorship file. Highlight the filename and click Open. Depending on your QuickBooks settings, your company file may open automatically.
  2. Click File on the QuickBooks menu bar and select Utilities.
  3. Click Export from the drop-down list.
  4. Click the Lists to IIF Files option and select Chart of Accounts, Customer, Vendor and Lists.
  5. Click the OK button to export the data from the QuickBooks sole proprietorship file and save it as an IIF file. QuickBooks saves the IIF export file in the same folder as the original company data file.

Then you'll want to create a blank company file for your new Corporation. Here's a great article on creating a new company file within QuickBooks Desktop: Create a QuickBooks Desktop company file.

 

Lastly, you can import your previous company information to your newly created company file.  Here's how.

  1. Sign in to your company file as Administrator.
  2. Go to File, then select Utilities.
  3. Select Import, then IIF Files.
  4. Import the Chart of Accounts.

Please let me know if you have any other questions on this, I'm here to help!

 

Fiat Lux - ASIA
Level 15

BUSINESS

@Eve2019 

You may utilize one of these migration tools to open a new company file.

https://transactionpro.grsm.io/qbd

https://partners.saasant.com/affiliate/idevaffiliate.php?id=5051_2

 

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up