Allow me to provide some information regarding the transfer of data from QuickBooks Desktop (QBDT) to QuickBooks Online (QBO), @tysimmons123.
To start with, you can transfer much of the information from your company file without having to re-enter it manually. So going forward, you'll only have to input new data in QuickBooks online.
However, some data won't convert or move in an automatic manner. Visit this article to know the differences in how your books appeared: Learn how features and data move from QuickBooks Desktop to QuickBooks Online.
On the other hand, since QBDT offers additional payroll functionality, some payroll information doesn't transfer. Your payroll data will be converted in QBO in this manner:
- Paychecks will transfer as regular checks. Once you set up your payroll in QuickBooks Online, you can create paychecks.
- QuickBooks Online imports the current year's paycheck information as lump sums. If it doesn’t come over, you’ll need to enter past year-to-date payroll info for each employee.
- Employee addresses transfer but may require fixing. Addresses for states outside supported states (such as PR, AS, VI) will be left blank.
- Date of birth converts
- Gender converts
- Social Insurance Number converts
- Direct deposit account numbers convert
- Bank names will convert
- Routing numbers convert
- Transactions and payroll accounts convert. The details behind the transactions don’t convert. For example, the payroll item breakdown and employee year-to-date numbers.
- Liability refunds, adjustment transactions, and opening balance transactions that affect accounts convert to journal entries.
If you don't want to import the data, you can consider running the Profit & Loss report. This report contains all of your income and expense transactions such as invoices, sales receipts, bills, checks, and credit memos/refunds. We also have a variety of reports available in QBDT that shows the information you need.
When you've decided to import the data, here's an article I've added in case you'll encounter errors in moving your data: Fix errors when you move from QuickBooks Desktop to QuickBooks Online.
Should you need further assistance in migrating your data, just ping me in the comment section. You have a good one.
