Hi, I'm pulling my hair out so hoping someone can help please :-) Apologies in advance for the long post....also, I am a bookkeeper and not an accountant so i'm a little out of my depth.
I have to move a client from Sage 50 accounts to Quickbooks online. Using migration from QB support didn't work successfully and rather than wait for them to look into it and correct it, I purged the data and now I need to enter opening balances from Sage TB. It is part way through the accounting year which i guess is not ideal but I have no choice.
The issues I have is that I am new to QB and the Chart of Accounts is giving me a headache as it is not what I am used to. I didn't realise QB didn't use control accounts for starters
I am ok with entering the fixed assets, income and expenses journal entries but don't have debtors/creditors control accounts in my chart of accounts like I did with Sage along with sales/purchase tax.
I understand that I have to enter my creditor and debtor invoices from scratch but where do i enter them and should I enter the gross figure or net + VAT?
On Sage I have 3200 nominal code for profit and loss but need to know the equivalent on QB
Can anyone please offer any guidance.
Many thanks in advance