Chart of Accounts Fields (QuickBooks Conversion)

The following table outlines which QuickBooks data items are converted to Sage 50 and which are not.

In QuickBooks	In Sage 50	Comments
Name	Description (only the first 30 characters)
Number	Account ID	Each account listed in the QuickBooks chart of accounts must have an account number in order for the conversion process to begin.
Type	Account Type	QuickBooks Type	Sage 50 Type
		Bank	Cash
		Accounts Receivable	Accounts Receivable
		Other Current Assets	Other Current Assets*
		Fixed Assets	Fixed Assets
		Other Assets	Other Assets
		Accounts Payable Credit Card	Accounts Payable
		Other Current Liabilities	Other Current Liabilities
		Long Term Liability	Long Term Liability
		Equity	Equity – doesn’t close (all equity accounts except retained earnings) Equity – Retained Earnings (Retained Earnings account)
		Income Other Income	Income
		COGS	Cost of Sales
		Expense Other Expense	Expense
		Sub accounts are converted as regular accounts. Sub accounts of, descriptions, and bank numbers are not converted to Sage 50.
Inactive	Inactive
Current Balance	Current Balance	Each account beginning balance is entered as of the day before the first period you chose to enter data during the conversion process.

*An Undeposited Funds account, which in QuickBooks is a Current Asset, will be converted as a Cash account in Sage 50.