I am looking at taking over as primary bookkeeper for someone who currently uses QuickBooks Online, But only uses it for Invoicing. The current Bookkeeper uses regular QuickBooks & is retiring. What do I need to get from her in order to complete the setup of QuickBooks Online? Can I input a current chart of accounts and balances, or does that conflict with the history created by the past invoicing, or do I need to go back and enter history for Banking, payables vendors, etc?
Hi Joanne, that is an excellent question.
If you’re going to use the same QBO account that has been used for invoicing but now you plan to use the other areas that haven’t been used in the past, I recommend that you start by going into Settings and making sure things are properly set up there. We have several video tutorials that show you how to set up QBO from scratch. The first video, Company Information includes a checklist of information that you need to do this. I would definitely make sure that you have all of the info we have outlined in that video tutorial. I’ve included a link to this tutorial below:
Best of luck,
Crystalynn Shelton, CPA
315 Madison Avenue, 24th Floor
New York, NY 10017
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