Post-conversion tasks – QuickBooks

Post-conversion

We try to make your conversion as comprehensive as possible, aiming to save you as much time as we can. However, there are some things that we are not able to do because of limitations in the software process we use to enter data directly into the QuickBooks Online accounting system.

This means that there will be some post-conversion tasks that you will need to perform and this document is provides an overview of these tasks. The post-conversion tasks should be done as soon as possible after the conversion. If you encounter problems or think something might not be right please refer to our troubleshooting page.

We recommend all customers complete any tasks below that are relevant to them. This will give them the best starting position for their newly converted data.

• Reconciling bank transactions
  We’re not able to convert the reconciled status of transactions. Performing this task will ensure the statement balance is correct following the conversion.
• VAT/Tax returns
  We don’t convert VAT/tax returns and QuickBooks Online won’t know which transactions have already been included in historic returns. Completing this helps QuickBooks Online know which transactions need to be included in future returns.
• Undeposited funds
  If converting from QuickBooks Desktop where a balance existed in undeposited funds, when deposited post conversion a journal is necessary to account for these.
• Stock / Inventory / Services
  Stock or inventory are all converted to QuickBooks Online as services. This task can be completed if they need amending.
• Foreign currency (if foreign currency transactions or bank balances existed)
  Foreign currency transactions will be converted as home currency. Foreign currency bank accounts and unpaid foreign currency invoices may need to created to replace those we’ve converted to home currency.
• FreeAgent corporation tax
  If converting from FreeAgent, automatically generated corporation tax journals won’t have been converted. These steps show how to manually include them.