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Bahar93
Level 2

transfer closing balance from one to another company

I have QuickBook desk pro 2018 . I closed my company and restart another one with new chart of accounts but I need to transfer all assets and liabilities to the new company with  end balances from my credit card and bank account. I don't  know how to do it in new company

1 Comment 1
ShiellaGraceA
QuickBooks Team

transfer closing balance from one to another company

You've come to the right place @Bahar93,

 

You can export your chart of account from your old company file and import it to your new file. Let me walk you through how.

 

  1. In you old company, go to File.
  2. Select Utilities, and then Export.
  3. Choose Lists to IIF Files.
  4. Click the Chart of Accounts box, and then OK.
  5. Choose a file location and then Save.

Then, open your new company file and import your list.

 

  1. Go to FileUtilities, and then Import.
  2. Choose IIF Files.
  3. Click the Import IIF button, then Open the file.
  4. Tick OK to confirm your data was imported.

The screenshot below will show you how it looks like to export and import list.

 

With these steps, you'll be able to transfer your assets and liabilities accounts to your new file. To learn more about importing and exporting list, please check out these links here:

 

 

We also have a guide on how to enter an opening balance which I'm sure you'll find helpful. It has step-by-step instruction to walk you through the process.

 

Let me know if you have further questions or concerns. I'll be here to help you every step of the way. Take care and have a nice day.

 

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