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Joran
Level 1

Transferring Class in Company File to a Separate Company File

I work for a company that created a new company file to manage real estate, and managed one building. Now, we have created a separate company for the building, but all of the transactions for the acquisition, and maintenance of the building are still in the old company file. Is there an easy way to "transfer"/"migrate" a carved out portion of the old company file and cut or copy and paste to the new file, or is the best possible solution just to record the

2 Comments 2
MarsStephanieL
QuickBooks Team

Transferring Class in Company File to a Separate Company File

It's great to see you in the Community, @Joran. I can share some details on how to import data to your new company in QuickBooks Desktop (QBDT).

 

Currently, the option to copy and paste the data from your other company is unavailable. However, you can bring your data by choosing the details you want to import using the IIF file. 

 

Here's how:

 

  1. Go to the File menu.
  2. Hover over Utilities and then choose Export.
  3. Click Lists to IIF Files.
  4. Select the transactions you want to export, and then click OK.
  5. From the Save in drop-down arrow, select the location you want to save the IIF.
    Enter a name in the File name field and select Save.
  6. Select OK.
     

After that, import it to the new company file. I'll guide you on how:

 

  1. Go to the File menu.
  2. Hover over Utilities and then choose Import.
  3. Click IIF Files, and then click OK from the pop-up window to close all the windows.
  4. Select Import IIF.
  5. Browse to your IIF file, and then select it.
  6. Click Open.
  7. Select OK to confirm your data was imported.
     

Once done, manually delete the files that isn't needed in your new company. I've got this article for more information about the process: Export or Import Intuit Interchange Format (.IIF) Files. It contains tips and limitations when managing data processes.

 

Furthermore, you can check out this reference if you need to track your business effectively in QBDT: Customize reports in QuickBooks Desktop. It contains steps on how to narrow down the data you might need.

 

Leave a comment below if you have any questions about the process and I'll get back to you. Have a great weekend!

Fiat Lux - ASIA
Level 15

Transferring Class in Company File to a Separate Company File

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