Migrating to QuickBooks Online

Regardless of whether you are currently using another form of accounting software or spreadsheets to manage the books for your business, you will need to gather a few key documents and bits of information to migrate over to QuickBooks Online (QBO), a list of which we gave you at the start of the previous chapter. In addition, the date on which you decide to start implementing QuickBooks will also determine what information is required for a smooth migration. Providing all of the information required will ensure that QuickBooks is properly set up prior to you using it to track your business income and expenses. Otherwise, you could encounter inaccurate and unreliable financial statements, which will make it hard to know your business’ overall health and make filing taxes difficult.

In this chapter, we will help you determine if QBO is right for your business and discuss questions you need to answer before conversion regarding how you will run...