cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
NEW Connect to DBS IDEAL direct bank feeds Click here
stephen Boaz
Level 1

Query related to Migtarion of QuickBooks from India

Hi, Can 2 US QuickBooks licenses be used to maintain one for posting US books and another for Non-US (Asian countries) posting books? How does multi currency is address along other country specific statutory compliance wrt to taxes.  Please suggest pros and cons along with any risks. Also does Migration of such books from other accounting software to be handled?

7 Comments 7
Fiat Lux - ASIA
Level 15

Query related to Migtarion of QuickBooks from India

You can use QBO US version or QBO Global version to convert data from India version. You may need to enable the multicurrency feature and set INR as your home currency.

https://quickbooks.grsm.io/US

https://quickbooks.grsm.io/us-promo

 

You may have 2 ways to migrate your data:

1. Utilize a migration tool

https://transactionpro.grsm.io/qbo

 

2. Purchase a 3rd party conversion service.

Send me a private message for details.

MadelynC
Moderator

Query related to Migtarion of QuickBooks from India

I appreciate you for reaching out here for assistance, Stephen.


I’ve seen that you’ve posted twice in the Community space. My colleague got some information to address your query. You can visit this link to view her recommendation: https://quickbooks.intuit.com/learn-support/global/other-questions/access-transfer-of-quick-books-da...


Our QuickBooks Help Articles page contains resources, video tutorials, and tips to manage your company files. If you need more knowledge, feel free to visit the site.


Don’t hesitate to tap the Reply button below if you have more questions or concerns besides migration. The Community team is always here to help. Have a great day, and take care!

b0bm
Level 1

Query related to Migtarion of QuickBooks from India

Hi,

 

We are currently using QBO India version and looking to migrate our data.  You reply seems to indicate that we can move the data to a US version of QBO (with home currency INR and multicurrency enabled).  However, how would GST be handled?  

 

Our situation is that the company that we need to migrate the data for is being dissolved after March 31 2023.  However, we will still need to make some transactions over the next few months and also need access to the data via QBO for regulatory and record-keeping purposes.

 

We are also trying to migrate to Zoho Books, but running into issues.

 

Thank you for your help!

 

Fiat Lux - ASIA
Level 15

Query related to Migtarion of QuickBooks from India

@b0bm 

I would recommend to pick QBO Global version than US version. The tax setting is more adaptable to your needs.

https://quickbooks.intuit.com/learn-support/global/sales-taxes/how-do-i-set-up-sales-gst-vat-rates-a...

 

You can purchase a 3rd party conversion service but your time is very limited. Anyway, what kind of issue with Zoho Books? Did you purchase any conversion service to assist you?

b0bm
Level 1

Query related to Migtarion of QuickBooks from India

Thank you for your quick response.  I really appreciate it.

 

I wasn't able to find the QBO Global URL to sign up.   Can you please share it?

 

The issues with Zoho migration... I'm just summarizing from the error files that were generated after using Zoho's QBO Migration tool.

 

1.  We have two branches in India company.  QBO India didn't have multi-branch setup.  Zoho Books has branches, and the second branch transactions couldn't be imported by Zoho's migration tool.

 

2. Purchases:

 

GST was applied in QBO for a few interstate transactions.  In Zoho IGST has to be applied.

 

Vendor name is mandatory column in Bills... QBO had some transactions with Vendor name blank.

 

3.  Sales:

 

Items for which Sales information is not associated cannot be added to Invoices.

 

In Zoho Books, customer name is a mandatory field for Invoices.

 

4.  Other

 

The journal number is a mandatory field

 

 

We have not tried a conversion service yet.  Do you recommend one that can get this done?

 

 

 

 

 

Fiat Lux - ASIA
Level 15

Query related to Migtarion of QuickBooks from India

Click on my profile name and you will find our website address to send an email to. We can help to convert your data to QBO Global version or Zoho Books.

 

b0bm
Level 1

Query related to Migtarion of QuickBooks from India

Email sent.