What would you like to convert?
Use this window to choose which parts of your QuickBooks company you want to convert. You can choose transactions based on a date range, and select which lists you want to convert. Lists are your records, such as customers, vendors, employees, and so on.
Advantages and Disadvantages of Converting Transactions
Advantages
- Historical transactions are available in Sage 50 for review, so it is not necessary to pull out a hard copy of a particular document or to open QuickBooks to research historical transactions.
- Open unpaid transactions are available in Sage 50, so that receipts or payments can be applied to the customer invoices or vendor bills.
- No need to re-enter financial data.
- Important business records are retained.
Disadvantages
- Some transactions supported in QuickBooks are not supported in Sage 50. Sage 50 takes a best-guess approach to converting those transactions types to something similar in Sage 50 or does not convert those transactions at all.
- Conversion time may be longer.
Converting Transactions and Costing Method
If you choose to convert transactions, Sage 50 will automatically convert all inventory items that use costing with the costing method of Average. This is because QuickBooks supports only the Average costing method and all of your inventory items in QuickBooks were set up with Average costing. The costing method must be the same in Sage 50 so that your financials in Sage 50 will agree with those from QuickBooks. Tell me more about costing methods and how they are calculated.
If you want to CHANGE THE COSTING METHOD of your existing inventory items, you MUST choose Lists only. Then, you will have the option of changing methods.
Converting Transactions and Dates
Regarding the conversion of transactions, Sage 50 will convert transactions with a date up to and including the last day of the last open fiscal year. For instance, if your two open fiscal years in Sage 50 begin January 1, 2011 and end on December 31, 2012, Sage 50 will convert transactions whose date is on or before December 31, 2012.
Converting Lists Only
If you select to convert Lists only, Sage 50 will offer additional options so that you can select which Lists you want to convert.
Note that balances for accounts, customers, vendors, and so on, will be converted even if you select to convert Lists only.