Skip to main content
K
Koala
June 18, 2019
Question

Moving to Quickbooks

  • June 18, 2019
  • 1 reply
  • 0 views

We intend moving to Quickbooks at the beginning of July.

 

Please will you advise on the following:

 

-- Data that will be migrated across and number of FY's

-- I understand this is a free service. Is there a limit to the number of records that can move across.

-- Please advise the time frame to migrate from one system to the other

-- Bank Feeds - We bank with NAB Connect. Is this account compatible with your bank feeds.

-- Please can you provide more information regarding the class functionality in QB. I understand this is similar to Jobs in MYOB.

-- Timeframe to migrate across and next steps required from us to transfer data. Can we start customizing forms prior to the migration period.

    1 reply

    Zac Product Champion
    Zac Product Champion
    June 18, 2019

    Hi Koala,

     

    Love your questions! I will try my best to answer them.

     

    - Please refer to our "Bring your data" page (https://quickbooks.intuit.com/au/switch-to-quickbooks/) on what data can be migrated.

     

    - Intuit covers the cost for 1 FY worth of data to be migrated. For additional cost per financial year, please refer to our conversion form. (https://www.odyssey-resources.com/quickbooks_online/Conversion.php)

     

    - I would encourage you to check with our conversion partner Odyssey Resources on the timeframe. Usually, it would depends on how much data you are bringing to QBO. Here is their inquiry email for QBO conversion, which is also listed on the conversion form. (https://www.odyssey-resources.com/quickbooks_online/Conversion.php)

     

    - NAB bank feed is supported by Quickbooks Online. Please refer to this article for more information. (https://quickbooks.intuit.com/au/resources/product-updates/how-to-connect-your-nab-account-to-a-direct-bank-feed/)

     

    - Here is a quick introduction to our Class (and Location) function. While it works similarly to Jobs in MYOB, there are differences, so please check it out. (https://quickbooks.intuit.com/au/resources/product-updates/using-classes-and-locations-in-quickbooks-online/)

     

    - Again, best to check with Odyssey Resources on the timeframe and you can always kick start the process from the migration form listed above. However, I would not recommend starting to work on your QBO file before Odyssey Resources completes the conversion, as they will purge the file before commencing the conversion.

     

    Hope these help, and please let us know if you have any other questions.

      K
      KoalaAuthor
      June 19, 2019

      Thank you very much for you extensive answers and lot of links which I will enjoy reading.

       

      One more question (for now)..

       

      Is it advisable  to migrate at the beginning of the FY or does this not really make a big differnence?

       

      And is there any way we can set up default templates (for all invoices etc etc) prior to migration of data and thereafter import them once migration has taken place and we all ready to start using the system.

       

      Thanks so much

       

      Thanks,

      Zac Product Champion
      Zac Product Champion
      June 19, 2019

      My pleasure Koala. Happy to help!

       

      It is advisable to migrate at the beginning of a FY. This is to keep all your financial data in one place from the beginning of a FY so the financial reports and tax filing can be as accurate as possible by avoiding overlap (or gap) of your financial records. 

       

      Hope this helps. 

       

      QBO supports import style where you can create an invoice template with Microsoft Word and then import it into QBO. Maybe you can start your work on the Word document with the invoice template before the migration completes? 

       

      Please let us know if you have any questions. Thank you. :-)

        Terms & ConditionsAccessibility statement