Starting New Account

Posted by James Colbert on December 9, 2006, 7:13 pm

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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

Posted by Allan Martin on December 10, 2006, 12:44 pm

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>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.

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.

> 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

Posted by James Colbert on December 14, 2006, 8:42 pm

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>>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.

> 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.

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:

http://www.qbmoveit.com/

Have you had any experience with this?

Thanks again,
James

>> 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

Posted by Laura on December 14, 2006, 8:55 pm

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>>>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.

>> 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.

> 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:

> http://www.qbmoveit.com/

> Have you had any experience with this?

> Thanks again,

> James

I've never heard of qbmovit.

You might check out these utilities too:
http://www.bigredconsulting.com/index.html
http://www.q2q.us/

Posted by karen.magno@gmail.com on December 15, 2006, 10:55 am

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You should also check out
http://www.baystateconsulting.com/products.htm

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

Karen

Laura wrote:

> >

> >>

> >>>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.

> >>

> >> 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.

> >>

> >

> > 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:

> >

> > http://www.qbmoveit.com/

> >

> > Have you had any experience with this?

> >

> > Thanks again,

> > James

> I've never heard of qbmovit.

> You might check out these utilities too:

> http://www.bigredconsulting.com/index.html

> http://www.q2q.us/