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oakhill12600
Level 1

Creating a new company with some information from an existing company

Our company just split into two companies with some vendors and some bank accounts transferring to the new company. Is there a way to copy information from the existing company into a new company without having to re-enter everything?

2 Comments 2
JenoP
Moderator

Creating a new company with some information from an existing company

Good day, oakhill12600.

 

You can import your list (chart of accounts, customers, vendors, products, and services) using an IIF file to the new company file. Here's how:

 

Export the data from the existing file

 

  1. Go to the File menu and select Utilities then Export.
  2. Click Export IIF Files.
  3. From the Save in drop-down, select the location you want to save the IIF. For example, your Windows desktop.
  4. Enter a name in the File name field and select Save.
  5. Select OK.

Import data to the new company file

 

  1. Go to the File menu and scroll-down to Utilities.
  2. Click Import and select IIF Files.
  3. Click Import IIF file
  4. Look for the file that you saved from the other company and click Open.
  5. Follow the succeeding prompts to import the file. 

Check out these articles for more details:

 

 

However, we're not able to move transactions between company files. You can manually recreate them so you can transfer the transactions in the new company. You can also use a third-party app that offers this type of service in the Intuit MarketPlace. Here's the link: https://desktop.apps.com/home.

 

Let me know if you need anything else. 

Fiat Lux - ASIA
Level 15

Creating a new company with some information from an existing company

@oakhill12600 

If you are not familiar with IIF, utilize one of these migration tool instead. Exporter to export all of your data out from current company file. Utilize the filter setting to export certain transactions only. Then utilize Importer to import data into each new company file.

https:// transactionpro.grsm.io/qbd

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

 

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