Importing nominal ledger balance from previous years

[QFMathew]

Hi @Inspire12

I would suggest waiting until 1st April 2016 to import everything if your year end is 31st March. That way it can be a complete switch over (and hopefully smoothly), and help avoid confusion. Although, you don’t need to wait until then if you wish, you just need to decide on a date for the switch over.

At that point, you would need to import a trial balance from Quick Books:

Importing a Quick Books Trial Balance

The Trial Balance report shows the total value of all of your credit and debit entries. Here we'll explain briefly how you can get a copy of your Trial Balance from Quickbooks Desktop software ready for import into QuickFile. Log onto your Quick Books Software. Go to the ‘Reports’ menu on the tool bar and select ‘Accountant & Taxes’ from the drop down list. [image] Now click ‘Trial Balance’. [image] The Trial Balance report will appear on the screen. Have a look over the Trial Balance and …

And as @Glenn suggested above, adjust the balance of the debtors to account for any invoices raised in Quick File.

If you need help setting up, it may be worth having a chat to an accountant. If you don’t have one of your own, you can send an email via your QuickFile dashboard. Look for this button (on the right hand side):

Hope that helps!