SAGE50-->QBO Accounting System Change at Closing

by a searcher from Dartmouth College - Tuck School of Business at Dartmouth

3 years ago

I'm contemplating a transition to QBO at or after closing, because it offers more integrations with other desired biz software.  I'd appreciate advice regarding timing/process from operators and/or accountants.  Thanks!

1 like
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12 comments

searcher from Stanford University - Graduate School of Business

We switched to QBO from QBD on the day of closing. It was a fairly smooth transition, but it was a lot of work to clean up and migrate our customer list (and historical data). I would suggest taking a step back and considering the volume of change you are planning to make in the first###-###-#### days and determine the relative priority of switching accounting systems. It isn't an insignificant task. And I would also make sure to have an accounting guru on speed dial to help you get things setup correctly in advance of closing.

3 years ago | like reply | 0 likes

professional from University of Wisconsin - Madison

Without knowing the specific business and the functionality needs you are driving for its tough to give a solid opinion. However I'd be careful to ensure you retain the historical transactional history. Certainly its helpful to run reports out of one system versus trying to meld information together for reporting. There maybe more planning/work required to transition than anticipated and other more pressing items.

3 years ago | like reply | 0 likes

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