Starting New Account

Dec 10, 2006 8 Replies
J

I need to start a new QB file, as my old account is 13 years old, and aside from that, I changed from a sole proprietership to an LLC.



I don't keep customers in QB, and I only have about 6 vendors. What is the best way, under my circumstances, to start the new file and carry over the necessary data such as vendor balances.



I would like to carry over categories, accounts and names if possible, but I suppose I can just deal with entering them again as needed. What would be the best way to handle starting the new account under my circumstances?



Thanks, James



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A

Talk to your accountant, setting up a new file may not really be required. As sole proprierership you report your income on schedule C, as an LLC with only one owner nothing really changes, you report the income on schedule C.

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J

Hi Allan,

Thanks for the response. It has been suggested by my CPA that I do start a new file, plus this one gets kind of bogged down on start up. I guess the main issue is dealing with re-doing the categories. There is software that is supposed to handl this here:

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Have you had any experience with this?

Thanks again, James

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L

I've never heard of qbmovit.

You might check out these utilities too:

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K

You should also check out

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They have tools that work with both the desktop and online editions.

Karen

Laura wrote:

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K

You should also check out

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They have tools that work with both the desktop and online editions.

Karen

Laura wrote:

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K

You should also check out

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They have tools that work with both the desktop and online editions.

Karen

Laura wrote:

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J

Thanks, Laura. Sorry for the delayed response. I have a lot going on right now, but I'll post back at some point to let y'all know how I made out.

Thanks again, James

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J

I will. Thankws for the link.

James

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