How to convert from QuickBooks to Xero?
There are three key reasons why you should consider converting your existing data from QuickBooks to Xero.
1. you will be able to compare prior periods. Xero allows you to convert data for the last two fiscal years. This will give you the ability to run comparison financial reports such as income statement, balance sheet, and cash flow statements. Having the ability to compare the current year to previous years can help you to identify trends in income and expenses, and other key areas that impact the bottom line.
Please note if you want to convert more than two years worth of data, there are a few Xero partners that will do it for a cost. Click the links below to learn more.
2. it's faster than starting from scratch. By converting your existing data Xero will transfer all of your information such as customers, suppliers, invoices, and bills. This can save you a lot of time that you normally would have spent setting up your business from scratch. Please note, if you did not do a good job of managing your books in your old system and you would prefer a fresh start, then you should not convert inaccurate data.
As the old adage goes, garbage in garbage out. Head over to our how to set up Xero course which includes 15 video tutorials that will walk you through step-by-step on how to set up your business from scratch. You can click here
to access the course.
Please note if you want to convert more than two years worth of data, there are a few Xero partners that will do it for a cost. Click the links below to learn more.
2. it's faster than starting from scratch. By converting your existing data Xero will transfer all of your information such as customers, suppliers, invoices, and bills. This can save you a lot of time that you normally would have spent setting up your business from scratch. Please note, if you did not do a good job of managing your books in your old system and you would prefer a fresh start, then you should not convert inaccurate data.
As the old adage goes, garbage in garbage out. Head over to our how to set up Xero course which includes 15 video tutorials that will walk you through step-by-step on how to set up your business from scratch. You can click here
to access the course.
3. converting your data is free. As a business owner we know how tight cash flow can be. Xero will convert your QuickBooks file for absolutely free. To ensure a successful conversion, there are a few steps that you need to take to prepare your QuickBooks file for the conversion. We will cover these next.
In order for Xero to convert your data your QuickBooks file must meet the following requirements: you must have a US edition of QuickBooks Windows or Mac version, that is a 2007 or a newer version, you are currently using a US edition of QuickBooks Online, and you have never turned on the multi-currency feature in QuickBooks. If you meet these requirements then Xero will convert the current year and the previous fiscal year if this information is in your QuickBooks file.
In order for Xero to convert your data your QuickBooks file must meet the following requirements: you must have a US edition of QuickBooks Windows or Mac version, that is a 2007 or a newer version, you are currently using a US edition of QuickBooks Online, and you have never turned on the multi-currency feature in QuickBooks. If you meet these requirements then Xero will convert the current year and the previous fiscal year if this information is in your QuickBooks file.
Get Started Here : QuickBooks to Xero Conversion Services
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