Questions to ask yourself in preparation for data conversion
When setting up your QuickBooks company file, you will need to determine whether you want to bring over any data from your existing accounting program. Additionally, you need to know what features you want to use in QuickBooks. Answering the following questions will help determine what type of setup you need to manage your day-to-day business activities:
- How much historical data do you want to bring over to QuickBooks?
If you are converting in the middle of the year, you need to determine whether you will bring over all the transactions that have occurred thus far, or just start from the current month you are in. The benefit of bringing over transactions that go back to the beginning of the year is that it will allow you to run financial statements in QuickBooks for the entire year, as opposed to only part of the year. Keep in mind that it will be more time-consuming to do this, so you will need to weigh the...
