MMC_Convert

Five Star Review by Tawanda Marvankiya  for Mmc Convert

Five Star review by Emeline Paat Dahlstrom

Five Star review by Tamara Brown

Five Star review by Dan Sayers

Five Star Review by Tina Lannin for Mmc Convert

Keeping the accounts in good shape is the key to the successful management of any business. Especially for small firms, following the day-to-day accounts records is of paramount importance. A little mismanagement in the keeping of the final accounts can lead to considerable pilferage in the finances leading to further hassles in business operations.

Also, for growth and expansion, every firm relies on its financial resources, which can only be ensured if the financial status of the company remains healthy and stable over a period of time. Therefore, accounting is the pillar of any successful company. Of late, plenty of accounting software and applications are available in the market, which offers accurate and easy maintenance of the accounts for any firm.

QuickBooks is undoubtedly one that offers a user-friendly interface and secure editing options for which it is considered one of the most popular choices when it comes to accounting software for small firms. Besides the traditional QuickBooks desktop version, the latest QuickBooks online version is also available these days. Though the latter variety comes with a few lesser features, it is still considered an up-gradation over the desktop version. If you already have the older version, here is how you can convert QuickBooks to QuickBooks online.

●       Check the file size requirements and timing-You can import all the data from the desktop version to QBO within 60 days, starting from the subscription date. If you have a subscription of more than 60 days, you will be allowed a window of 180 days.

●       Get the data on your QuickBooks desktop ready for import to QuickBooks Online. Never miss keeping a back up of the entire data before you start importing.

●       Get started with your QuickBooks Online account before you import data and convert QuickBooks to QuickBooks Online.

●       Basic company details will be required for the QBO account, and after it is done, log out from your QBO account.

●       Come back to your QuickBooks desktop and start exporting the data to QBO.

●       Sign in to your QuickBooks account and confirm if you wish to import the entire volume of inventory from QuickBooks desktop.

●       To complete the process, simply select your enterprise in the QuickBooks online version and copy the data file.

Xero is a popular accounting software used by millions of organizations across 180 nations. In fact, Xero is the leading cloud-based software solutions available today. That makes it important to consider Excel to Xero conversion.

When an accounting organization decides to use Xero, it is crucial to follow a few important steps to set up a new environment. The process of migrating the opening balances from the existing system cannot be completed in one day.

Excel Is Not a Solution

Excel is definitely a good source. It allows you to do several tasks and is easy to avail. In fact, Excel has been in use worldwide and helped organizations with accounting. However, though the application is sturdy, the spreadsheets are not.

A study conducted by the University of Hawaii found that approximately 88 percent of Excel spreadsheets contained errors. Hence, businesses chose a robust alternative to Excel, which is Xero.

Why Excel to Xero Conversion is the Best Alternative?

#1: Dedicated Dashboard

Xero accounting software comes with a dedicated dashboard that gives you confidence. You need not set up a dashboard yourself. You would have a clear financial vision right from the start. No uninformed decisions.

#2: Data Accuracy

All your accounting data shall be kept in online, in real-time, in the cloud. Bank statement lines shall be fed into the software automatically to reduce the time of data entry and potential risks.

#3: Quick Reports

Get all your reports quickly. You do not have to wait for months to get reports. Plan your real-time budget and reports, and share or view easily. Tasks such as sales tax returns become easier and save time.

#4: Stay Updated

Create information quickly within a brief period. Your business shall be prepared to manage finances more accurately than ever before with Xero. You can also share tax time data with a financial advisor or accountant quickly. Keep your financial tax information ready to share and up to date.

#5: Better Audit Trial

Your investors might require some historical information – have those readily available with the latest accounting software. The audit trail makes sure data is not compromised. It records business transactions, including small details, such as sales contracts, employee payments etc. Having an audit trail also reassures investors about the company’s validity and meets the needs of the tax department.

Conversions

You can now convert various Excel accounting data into Xero effortlessly. Here’s what you can convert:

●        Custom mapping

●        Customer  and supplier details

●        Opening account balances

●        Aged payables and receivables

●        Bank transactions – invoice payments, bill payments, bank transactions

●        PayPal accounts and Credit Card

●        Credit Notes and invoices

●        Manual journals

QuickBooks is a preferred accounting platform for many companies. Due to its ease of operation, flexibility, and scalability, QuickBooks helps to streamline accounting procedures without any hassle. If you are trying to import data from QuickBooks to Excel, there are several ways to do it.

Users can make use of the standard or advanced import procedure for QuickBooks Excel Import. But, if you do not have an existing Excel or CSV file, you need to follow the Advanced Import option.

Advanced Method for QuickBooks Export to Excel

Items such as Vendor, Items, Customer, and Chart of Accounts can be imported from Excel spreadsheets. But, if you have not yet installed Excel, you can import items by following these steps.

Step 1: To import Items, turn on Inventory Preferences on QuickBooks. Sign in to your account as Admin. Use the Single User Mode instead of the Multi-user Mode. You can easily change it by clicking on the File menu and changing the user option.

Go to the Edit Menu of QuickBooks and select Preferences. From the list, pick Items & Inventory on the left pane. You can now click on the Company Preferences tab and select the box next to Inventory and Purchase Orders are Active. Click on OK to complete the operation.

Step 2: Setting up Accounts in the Data File

Go to the Lists menu and click on Chart of Accounts. Now right click on Chart of Accounts and select New. You can choose the Account Type from here. But, before this, you need to create the account types. These will include Income Accounts to track company sales, Inventory Asset Account and Cost of Goods Sold (COGS) Account.

Step 3: The data needs to be created for each of the following items.

●        Item Names

●        Item Type

●        Description of the Item

●        Income Account

●        Inventory Asset Account

●        Name of the COGS Account

●        Cost of Item

●        On Hand Quantity

●        Sales Price

●        Total Value

●        As of Date (indicating the date when the last item was purchased)

●        Is Passed Thru (Mention ‘Y’ in this column to track cost and price of an item)

Step 4: Create a Spreadsheet

You can now create a spreadsheet in QuickBooks. This will be similar to the Excel file.

Step 5: Importing Data

When you import the data, QuickBooks will automatically sync it with the spreadsheet. Start QuickBooks and open the company’s data file. Now Backup the QuickBooks company file without making any changes or overwriting previous backups.

Step 6: Importing Spreadsheet

Go to the File Menu > Utilities > Import > Excel Files.

Select Advanced Import and follow the instructions to complete the procedure.

Today, businesses are trying to convert from Sage 50 to QuickBooks online for various reasons. Firstly, QuickBooks ensures accuracy, which is very important for accounts. Secondly, it is easier to operate and maintain.

Before Sage 50 to QuickBooks Online Conversion

Before initiating the process of Sage 50 to QuickBooks online conversion, note some of the important things to follow:

Sage 50 and QuickBooks software must be installed in the same computer for ease of conversion

The hard drive of the computer should store both QuickBooks database and Sage 50 files

The conversion tool in use for the process cannot be employed for cross-region conversions

There are some basic system requirements to be met:

Windows OS 7, 8, 8.1 or 10

Minimum Intel Pentium II 500 MHz processor

Minimum 512 MB RAM

2.5 GB free space

MS .NET Framework 2.0 or higher

The conversion tool converts Sage 50 2013 version files or above

Files maybe converted to QuickBooks Desktop Pro, Premier or Enterprise 2015 version or above

What is Converted?

Accounts

Account balance

Customers

Customer transactions

Items

Employees

Payroll general ledger account balance information

Vendors

Vendor transactions

What is not converted?

Year-to-date information of employees

Fixed assets

Employee wages and deduction information

Sales and purchase orders and estimates

Paychecks

Payroll items

Step-by-step Sage 50 to QuickBooks Online Conversion

Step#1: Determine Product Requirement

Assess your business needs and product requirements to know the current system. If you’ve hired an expert team, let them study the accounting system to determine which QuickBooks products are needed, such as QuickBooks Enterprise, Point-of-Sale, Payroll, Field Service Management.

Step#2: Setup Template File

Develop proper workflows to make QuickBooks apt for your business and to make sure current accounting data is perfectly absorbed. In this step, you may want to consider doing a double check in the old system as well as the new QuickBooks file. Pull out data, including reports like Accounts Payable & Receivables, P&L, monthly balance sheet and any other data that can be converted from Sage 50 to QuickBooks online.

Step#3: Train your Team

Training is crucial for the team to ensure that the company transitions successfully to the new QuickBooks platform. Running a test to train the team to use the new system is also a safer option.

Step#4: Close & Review

Sometimes we may not realize which data is important until we no longer have access to it. A double-check is a must to make sure everything is imported from Sage 50 to QuickBooks online. Review the process to check if any additional files have to be removed, and get working with it.

Step#5: Follow Up

Maintaining the software is crucial to ensure your data is safe. During the final follow up stage, it is possible to nip everything in the bud, and even retrieve old data. A monthly or quarterly closing services followed by maintenance is important to keep the accounting system up to date.

Most companies rely on Excel for bookkeeping. The easy availability of this platform makes it the first choice of many organizations. But, as accounting tasks become complex, companies prefer to switch to advanced accounting software. It not only helps to monitor and track financial data efficiently, these cloud based systems allow easy accessibility anytime and anywhere.

Importing Excel to Xero

If you are trying to move your business to Xero, you can easily import Excel data to Xero. Bank statements, invoices, bills, contacts and other items can be effortlessly transferred to this cloud based accounting software. In order to successfully import data, the files must be saved in CSV format.

To import a bank statement, for instance, you need to download the statement from the bank. Then go to the Accounting menu on Xero and select Bank Accounts. To import a particular file, click Manage Account and then click on Import a Statement. Select Browse and choose the CSV file. Then click Open and import the file to Xero. Click Save to complete the process. For the first time, each column in the imported file must be assigned to a bank statement field.

Import Customer Invoices to Xero

To import invoices, enter the details in a CSV file. The invoices will be imported as drafts which can be edited for later use. To Import the file to Xero, click on the Business Menu and Select Invoices. Click Import and browse the required file. If required, update contact details and then click Import.

With a little adjustment to your existing Excel file, you can import Excel data to Xero without a lot of trouble.

Benefits of Using Xero

Advanced accounting software like Xero provides a clear financial overview of your business transactions and reports. Let’s take a look at some of the major benefits of using Xero.

User-friendly Interface: Its unique dashboard feature helps business owners to keep a tab on regular transactions. It also provides a consolidated view of the overall expenses, bank balances and a list of creditors and debtors. This prevents bookkeeping errors and helps to smoothly conduct business.

Easy Accessibility: Since it is cloud based, Xero can be accessed by any member of the team from any device. Therefore, operations can be conducted without being present in office or being restricted to a single PC. Moreover, it can be accessed from smartphones without installing separate software. Changes made to various files are updated and immediately available to the team.

Tracking Invoices: Businesses can use Xero to easily create and track customized invoices. It takes just a few clicks to create an invoice which can be shared with the entire team over email. Besides, invoices are recorded in real time, allowing easy tracking of all payments.

Other Features: The automated daily bank feeds, free product updates and interactive credit control features make Xero quite useful for organizations. It makes accounting smooth and simple, allowing companies to conduct error-free operations.

Accountants across organizations sometimes choose to export QuickBooks reports to Excel for further analysis. However, while moving data from QuickBooks to Excel users may need to carry out some extra steps to make the file easy to operate. But, if you consider the Advanced Excel Options in QuickBooks, it will save a lot of time and will help you to get rid of repetitive tasks.

Exporting QB to Excel Using Advanced Option

The advanced option makes accounting tasks easier and helps to export reports without any hassle. Here’s how you can proceed with the process.  

Open the QuickBooks report that you want to export to Excel. The ‘Send Report to Excel’ window opens. Now click on Excel and choose ‘Create New Worksheet’. Select ‘Advanced’ and the ‘Advanced Excel Options’ window opens. This window will provide multiple options like ‘Space between columns’, ‘Autofit’, ‘Freeze Panes’, ‘Auto Outline and Auto Filtering’, ‘QuickBooks Export Guide’, ‘Show Report Header Option’ and ‘Repeat Row Labels on Each Page’.

Each one of these options can be customized according to user preference.

Let’s now take a look at its functions.

1. Space Between Columns: Excel files have a number of extra blank columns. With this option you can eliminate any extra spaces. Simply uncheck the box next to Space between columns and the columns would disappear from the Excel spreadsheet.

2. AutoFit: It helps to display all the data in Excel.

3. Freeze Panes: If you are dealing with long reports, this option will help to keep the headers and labels visible in Excel.

4. Auto Outline and Auto Filtering: This option is particularly useful when you want to sort or analyse data in QuickBooks. Sections of the report can be collapsed and expanded within Excel with the Auto Outline feature. The Auto Filtering option helps to filter data within Excel. You can choose from a drop down list at the top of every column.

5. QuickBooks Export Guide: To prevent the addition of extra worksheets with export hints in Excel, you need to uncheck the box next to this option.

6. Show Report Header Option: This feature is a boon for many Excel users. Without this option the report header is not visible and you may not know which report you are editing or submitting. All you need to do is click on show the report header on printed report and screen. This will enable the header option and it will be visible on top of the report.

7. Repeat Row Labels on Each Page: When you are printing reports from Excel, this option will automatically set up the row labels on each page.

After choosing the relevant options click on OK to confirm your selection. Once the Advanced Export options are set up, there is no need to make the changes every time.  

Small businesses around the world try to keep track of accounting data with Excel files. It is a default bookkeeping choice for many people due to its easy availability and ease of operation. Moreover, online accounting tutorials help to find sample accounting formulas which work really well for start-ups managing with a very tight budget. Instead of investing in paid accounting software, many companies rely on Excel to complete their accounting tasks.

But, as the business grows, the chances of misplaced data, lost files and errors in calculation caused due to broken formulas become a recurring problem. Companies find it harder to keep their books in order. As a result, many companies are now choosing to import files from Excel to QuickBooks. QuickBooks is a reliable and efficient accounting software. This cloud based platform helps to manage accounts with utmost ease and is renowned for its flexibility and convenience.

Let’s take a look at some of the major benefits of importing Excel to QuickBooks Online.

Simple and Convenient Interface: QuickBooks has a very simple and user-friendly interface that eases navigation and data tracking. Its centralized system is easily accessible to the entire network and every department can enter data in designated fields without the fear of miscalculations. It can be accessed anytime, anywhere and from any device.

Improved Accounting Efficiency: If you move files from Excel to QBO, it offers greater flexibility to complete various accounting tasks. It not only helps organizations to seamlessly complete business accounting, the software allows users to easily adapt to its procedures. The tutorials offered by QuickBooks are easy to follow and a little bit of training is enough to handle its operations effortlessly. QuickBooks also allows users to manage multiple tasks like creating invoices, managing payrolls, timesheets or charts without any difficulty.

Adaptability: Another benefit of using QuickBooks over Excel is its ability to integrate with any existing accounting software. Therefore, companies can easily integrate QuickBooks with existing software like Excel and move data from one platform to the other. Similarly, data from QuickBooks can be exported to any other program of your choice.

Security: QuickBooks ensures complete security of your financial data. Security features like password protected login and multi-factor authentication help companies to manage their data in a safe and secure environment. In accounting platforms like Excel, these features are missing.

Money Management Tools: With QuickBooks, users gain access to various money management tools. It helps to track due dates, information on recurring bills and records of transactions. It also provides the option of linking all the bank accounts to the system, allowing companies to review all financial records under one platform.

Client Management: QuickBooks helps companies to enjoy a centralized access to all the QuickBooks accounts of clients in one dashboard. For small businesses, it is imperative to maintain a good relation with clients. It helps companies to send messages, notifications and customized reports to the entire database. It not only helps to upsell services, it also helps to maintain long-term relationships.

Every organization has huge amounts of data stored in accounting platforms like QuickBooks. But, with time, some of them may not be relevant. So, if you are trying to move your business to QuickBooks Online, try to trim the existing set and send a reduced version of the stored data. This facilitates a smooth transition and allows hassle-free conversion from QuickBooks to QuickBooks Online.

Let’s take a look at the top tips to migrate to QuickBooks Online.

Verify Data: Before moving data to QuickBooks online, check the health of your data. Run a complete verify test to detect problems. If necessary, double-check everything to ensure that there is no problem in the data being transferred to QuickBooks Online. Wait till you get the message, ‘QuickBooks detects no problems with your data’. You can now initiate the transfer to QuickBooks Online.

Trim Existing Files: Most accounting data will include a lot of old history. So, before you migrate to QuickBooks Online, try to eliminate redundant material. This will make the transfer easier and efficient. Your QuickBooks file may have client data that are no longer in use. It is best to remove obsolete data to make way for more useful data.

To transfer a limited amount of data to QuickBooks online, you need to follow these steps.

Go to File and utility menu to create a Period Copy.

Pick a cut-off date. Depending on your preference, you can select dates up to 2 or 3 years before. Enter one Summary Journal entry in QuickBooks and remove all previous transactions. Remove any unused item list while completing this process.

To distinguish from any other files in your database, give a unique file name.

In the next step, clean up the remaining client list. Since QuickBooks Online does not delete any of your data and simply marks it as inactive, you can easily clean up the list by removing duplicates.

If you have some clients who are not working with your firm currently but are expected to work in future, export the detailed list to Excel with the help of the Customer Contact List. You can then upload the file to CRM now.

Transferring Data from QuickBooks to QuickBooks Online

After completing these steps, you are now ready to move to QuickBooks Online. Go to Company – Export to QuickBooks Online and upload the relevant data. You can log in using your QuickBooks Online Accountant account and use the free My Books account to upload the data.  

Thoroughly review the data along with the company settings. After the migration to QuickBooks Online, you may need to recreate forms or re-do recurring billing. You also need to check for duplicate clients. The Tools section of QuickBooks has a section named ‘Resolve Duplicate Clients’ and it can be used to get rid of this problem.

If you are trying to move MYOB users to Xero, let Jet Convert do the job easily. Jet Convert is the most preferred method for performing the most complex Xero conversions. It is the service supplier for Xero conversions in the US, Asia and Australia. Different types of desktop software like MYOB can be converted to Xero with the help of JetConvert.

Whether you are an accountant, bookkeeper or business owner, Jet Convert MYOB to Xero in a hassle-free manner.

Simple Conversion to Xero with Jet Convert

If you want to take your existing accounting data to Xero, use Jet Convert to complete the process without any trouble. The data conversion is completely safe and secure. It keeps all critical information related to customers, vendors, suppliers, contacts, payroll details and transactions intact. The process also takes into account ongoing business operations and does not hamper day-to-day operations due to the conversion process. Moreover, the complete task can be finished quickly without losing valuable time.

Preparation for Converting MYOB to Xero

Before converting MYOB to Xero you need to prepare the desktop file. In order to ensure the accuracy of data uploaded through Jet Convert, you need to follow a few steps.

Make sure that MYOB is set according to the correct GST accounting basis (cash or accrual).

Check additional things like reconciled bank accounts and credit card details, credit notes, clearing accounts, Accounts Receivable/ Accounts Payable balance figures in General Ledger and other specific details.

It It is also necessary to create a backup file before conversion.

After following these steps, you need to get a Xero subscription. Within a few days, the company will get back to you with the converted data and an action checklist specified by Jet Convert. Carefully study the checklist to find out whether your data has been correctly set up.

How Does Jet Convert Work?

You can easily Jet Convert MYOB to Xero accurately without the fear of losing crucial data. Jet Convert specializes in third-party conversions and has helped over 40,000 clients to transition from MYOB desktop to Xero. It is a premium conversion service that utilizes advanced and automated processes to complete your conversions. Within 3 to 5 business days, the client’s data can be efficiently transferred from MYOB to Xero.

Jet Convert assures complete safety of data and provides unmatched accuracy in its accounting services. The team of experts at Jet Convert uses automated as well as manual checks to assure 100% accuracy. You can also rest assure about complete support before, during and after the conversion process.

Five-star review for Quickbooks online conversion – MMC Convert

Five-star review for QBO to Xero Conversion – MMC Convert

Five-star review for Myob to Xero Conversion – MMC Convert