The time needed to move your data to QuickBooks Online varies depending on the size of your company file. Make sure to keep QuickBooks Desktop running until the move is done.
What happens to my existing data in QuickBooks Desktop?
Nothing changes, we simply copy the data to QuickBooks Online. Going forward, you'll input new data in QuickBooks Online.
You'll still keep the QuickBooks Desktop company file with your data, but can only access this data with an active QuickBooks Desktop subscription. Learn how to move your QuickBooks Desktop file to QuickBooks Online.
How do I fix errors when moving from QuickBooks Desktop to QuickBooks Online?
How do I create a new company file in QuickBooks Online?
You can have multiple companies under your QuickBooks Online account. You’ll need a paid subscription for each company, but you use the same sign-in information for all of them. Here's how to add or create a new company.
How will changing inventory methods impact my business?
QuickBooks Online calculates inventory costs from the inventory start date using FIFO. Any existing transactions on or after this date are also recalculated under FIFO.
Because of this, we recommend choosing an inventory start date using the first day following your company's last tax filing period to avoid filing amended forms.
You'll also need to let the IRS know you've changed your inventory costing method.
What do I need to do if I don't bring over my inventory?
If you prefer not to use FIFO or turn on inventory in QuickBooks Online, select No, don't turn on inventory and don't track quantity on hand during the move. You can change these settings later, but if you do, you'll need to set up new inventory items. We recommend that you reach out to your accountant if you need help with this decision.
