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Ghadeer947
Level 2

Switching from quickbooks MAC to quickbooks online

Hi 

 

I had problem with product and service after I switched from Mac version  to online version all items type changed from inventory to Non-inventory.. is there any solution for this problem?

 

Thanks.

 

1 Comment 1
KlentB
Moderator

Switching from quickbooks MAC to quickbooks online

I'll share some information about importing inventory form QuickBooks Desktop for Mac to QBO, Ghadeer947.

 

We'll have to take note that inventory can only be imported from QuickBooks Desktop for Windows. If you need to import your inventory, we'll have to save your company file as a QuickBooks Desktop for Windows file and open it on a Windows computer, then import using the latest version of QuickBooks for Windows. There's also some information that may not be imported when you move from QuickBooks Desktop to QuickBooks Online.

 

It could be that the data have been damaged upon performing the import process that's why all your inventory items turn into non-inventory. To isolate this issue, we'll have to import your data again to load a fresh copy of your file.

 

Please know that inventory is only available in QuickBooks Online Plus and Advanced and is its accrual method is First-in-First-out (FIFO). When you import inventory to QuickBooks Online, it will ask you to choose a date. It will use the date to recalculate your inventory based on FIFO calculations.

 

Inventory Assemblies are only available in QuickBooks Desktop. These are called Bundles in QuickBooks Online. A bundle is a collection of products and services you sell together. We can use them if you don't need to transfer and track the finished products before they're sold.

 

In addition, the most important thing to be aware of when moving from QuickBooks Desktop to QuickBooks Online is that desktop versions of QuickBooks use average cost to calculate your inventory costs while QBO uses FIFO.

 

For most businesses, FIFO produces the biggest gross profit and highest ending inventory value on the balance sheet. It also shows how inventory flows through your business more accurately.

 

I would also recommend informing the IRS know you've changed your inventory costing method. For more information about this process, you can visit this article: Moving your inventory over from Desktop.

 

Should you have any other concerns or questions about inventory, you can always find me here. I'm just one comment away.

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