Hi,
I am new to QB software. Can someone assist me in setting up initial things to do before our business start to use QB online?
(Eg. Chart of Accounts, Account creation, Inventory & import data.)
Solved! Go to Solution.
You need to finalize your Chart of Accounts as the first step. Then create/import your List data (customers and vendors). Then you will be able to import transactions (invoices, bills). You will need a 3rd party tool to import certain transaction types (e.g invoice payments, bill payments, sales receipt).
https://transactionpro.grsm.io/qbo
As an additional option, use a backup recovery app for your first few weeks to avoid having to start over if you make fatal mistakes.
https://rewindio.grsm.io/quickbooks
Last resort, purchase a 3rd party service to assist your setup.
Hi, ZLJ.
When you create your company in QuickBooks Online and other versions (QBO), specific default accounts are added to the chart of accounts (depending on the business entity).
This can be done in the first phase of setting up your QuickBooks Online (QBO) account from the Tell us about your business page. If you're still on this page, let me guide you on how to achieve that:
if you already went through the first phase in setting up your QBO company without choosing the business type, there are two options to set up your accounts:
Additionally, these articles can help you in setting up your new account and moving to another company file:
You can always tag me in your reply if you have other concerns about setting up your company. I'll be more than happy to help you out. Keep safe!
What kind of data do you need to import? Do you need to convert from another accounting system?
Not from other software, we are a new start up company with 3 months old. all our data are in excel. All the transactions are cash basis hence no AP/AR. I am clueless & need assistance as i am not from accounting background.
- Do we need to create chart of accounts prior to import data?
- How do we make set up for inventory (Procure to Sales)?
You need to finalize your Chart of Accounts as the first step. Then create/import your List data (customers and vendors). Then you will be able to import transactions (invoices, bills). You will need a 3rd party tool to import certain transaction types (e.g invoice payments, bill payments, sales receipt).
https://transactionpro.grsm.io/qbo
As an additional option, use a backup recovery app for your first few weeks to avoid having to start over if you make fatal mistakes.
https://rewindio.grsm.io/quickbooks
Last resort, purchase a 3rd party service to assist your setup.
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