Tips to Convert MYOB to QuickBooks Online
It is possible to transfer from MYOB to Quickbooks, though not as straight forward as either company would have you believe.
The first point to consider is that the Australian versions of MYOB and Quickbooks are different from the USA versions. A basic difference is that our tax year runs 1 July – 30 June whereas the USA the fiscal year is from 1 October – 30 September apparently.
When transferring from MYOB to Quickbooks, you may consider the following:
1) You can transfer card files – suppliers customers etc very easily between MYOB and QuickBooks – ask us how if you don’t know
2) If you need detailed transactions recorded, i.e itemised invoices to be transferred, then that’s where the expense occurs
3) we suggest to clients that they start a new file on the new software at the beginning of the new financial year
4) If it’s only a small company with not much money then you could just do journal entries to get the balances up to date in the new file rather than re- enter all the previous data
We’ve not found a cheaper way to do it – we’ve looked at this problem many times before
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