Printing Financial Statements and Reports (QuickBooks Conversion)
After conversion, you should print financial statements, such as your Balance Sheet, Trial Balance, and Income Statement (P & L), and reports, such as your customer and vendor aging reports, to verify that balances converted correctly. Below is a list of links that will give you steps to printing financials and reports.
IF YOU USE QUICKBOOKS PAYROLL: your general ledger balances most likely will not match, because Sage 50 does not convert payroll information. Tell me how to filter and print financials in QuickBooks that will help me match balances in Sage 50.
Note regarding the conversion of your Undeposited Funds asset account: Although your Undeposited Funds account in QuickBooks is a Current Asset Account Type and amounts in this account appear in the Current Assets section of your Balance Sheet, in Sage 50 this account will be converted to a Cash account and amounts in it will appear in the Cash section of the Balance Sheet. Sage 50 converted it to a Cash account so that it can be used on the Receive Money window when you specify the offsetting account for receipts.
Tell me more about the Receive Money window.
Tell me more about the conversion of Account Types.
Tell me more about the Receive Money window.
Tell me more about the conversion of Account Types.