Transfer clients, QB accounts and Inventory to a new Company

Hi @BrianMcQ 

Transferring data is a great tool to get you started in your new company. It will have to be transferred via a third party migration service.

Chronobooks is the latest offering launched by Intuit to help businesses be more productive in terms of data conversion through backups. To get started, you will need to turn on the feature using the steps below:

1. Log in to the QuickBooks Online Advanced as an admin.
2. Tap Settings ⚙ then Back up company.
3. Press Add a Company.
4. Pick the company you want to connect to.
5. Follow the onscreen steps to connect to the app.
6. Once your company is connected, select Enable backup.

Once there are backups saved, you can use this to restore to the new company. You can also save a manual copy of the back up to immediate conversions.

Here are some articles about Chronobooks and how to use it. Follow the steps below:

• Back up and restore your QuickBooks Online Advanced company (formerly ChronoBooks)
• Backup, Restore, and Copy for QuickBooks Online Advanced
• Copy your QuickBooks Online data into a new company with Online Backup and Restore (formerly known a...

@BrianMcQ 

You may have 2 ways to create a new company file:

1. Utilize a migration tool

https://transactionpro.grsm.io/qbd

2. Purchase a 3rd party file reset service. 

It is a service that will delete all closed transactions from your data file and give you a clean data file with beginning balances and open transactions. The following is a list of what is converted to the new data file:

Chart of Accounts with current balances
Customers List with current balances
Vendors List with current balances
Jobs
Other Names
Items List
Assembly Builds
Inventory Quantities and Values
Employees List
Summary Trial Balance (no detail)
Open Invoices
Unapplied Credit Memos
Unpaid Bills
Unapplied Bill Credits
Open Estimates
Open Sales Orders
Open Purchase Orders
Multi-Currency data is converted