QuickBooks Online has become increasingly popular due to features like application integration and the ability to access and manage data from anywhere.
You can easily create an account by signing in from your web browser or via application download for Mac or Windows or through an app on a smartphone.
QuickBooks Online comes with five plans: Simple Start, Essentials, Plus, Advanced and Self-Employed. With all these versions, you can track income and expenses, capture and organize receipts with your smartphone, invoice and accept payments from your smartphone and run reports.
Both QuickBooks Online and Desktop allow you to create professional invoices, track sales and expenses and manage accounts payable. The major difference and deciding factor is how information can be accessed. QuickBooks online is cloud-based, making it easily accessible from wherever you are as long as you have an internet-connected device. This type of accessibility makes it very convenient to have access from anywhere or wants to provide remote access to an account manager or their accountant.
Migrating from QuickBooks Desktop data to QuickBooks Online can be done within the first 60 days of your QuickBooks Online company start date.
Before you migrate to QuickBooks Online, it is important to remember the following:
You must be logged in as the administrator on the QuickBooks Desktop file and the QuickBooks Online account.
The conversion process needs to be started from your QuickBooks Desktop company file and not from QuickBooks Online.
Sales tax filings need to be current before migrating. You may need to make adjustment entries to sales tax filings after conversion.
For a successful conversion, your QuickBooks file must not be over the target limit of 350,000. Press Ctrl+1 on your keyboard, then look for Total Targets. If it is over the target, only lists and/or balances can be exported.
SuperCondensing your file can help reduce the total targets. To reduce the target count, you can condense or SuperCondense the data file. A condense or SuperCondense will remove all closed transactions prior to the cut-off date to reduce the target count. Files with inventory do not condense and a SuperCondense is required in such cases. A SuperCondense will also be required if your data file does not condense normally or if you are using an international version of Quickbooks such as Quickbooks Canada or QuickBooks UK.
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