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Old 06-14-2017, 06:39 PM
hodor hodor is offline
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Join Date: Jun 2017
Posts: 4
Hello from a small business owner!

I'm the owner of a small service oriented business. Bought it a year ago and though started off slow has really started picking up throughout this year. Prior owner was on the 2009 desktop version and I migrated it to QBO at the end of 2016. However my cpa did not tell me I couldnt have more than one company on QBO so I'm gonna go back to latest desktop version eventually.

So for the most part everything is setup and running. Prior owner helped me do the books through the end of the year until i went to QBO.

got questions that I'm sure will be common knowledge to the experts on here.

looking forward to getting help from you guys!
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Old 06-15-2017, 05:32 AM
Rustler Rustler is offline
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Join Date: Feb 2008
Location: Texas - The Republic
Posts: 2,413
One item to note as far as future planning goes
There is no accurate way to move from QBO to desktop. IMO the sooner the better if that is in your plans

the export to desktop (US Only) provides you with a file that must be opened in desktop within 10 days, and the file has known problems, some things do not export, inventory exports as service items with no history, payroll if you have it is exported as regular paychecks, these known problems have existed for over 8 years

print out the QBO P&L, balance sheet, inventory valuation summary (if you have inventory), and sales tax liability as a minimum, compare the QBO reports to the same reports in desktop after you have a desktop company file - they must match, if not you have to find and correct the problems, intuit will not help

IMO if at all possible, it would be better to just re-enter all transactions in desktop
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Old 06-19-2017, 10:54 AM
hodor hodor is offline
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Join Date: Jun 2017
Posts: 4
whoa had no idea of these porting back to desktop issues. thanks so much for the heads up!
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Old 06-20-2017, 12:03 PM
QuickBooksNews QuickBooksNews is offline
Join Date: Mar 2010
Posts: 126
Welcome to the forums! I hope you find answers to your questions here.

It looks like Rustler has already given you some helpful advice. Thanks, Rustler, for your foresight!
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Old 06-20-2017, 12:28 PM
Froid Froid is offline
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Join Date: Feb 2017
Location: Southern California
Posts: 136
Rustler is boss. He points out QB stuff you never even thought of.
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