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Home>Knowledge Base>Root>Zed Axis>How to convert data from MYOB to QuickBooks - Step 5 - Opening balances
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Article ID40
Created On3/12/2009
Modified8/20/2010

How to convert data from MYOB to QuickBooks - Step 5 - Opening balances

Create opening balances in QuickBooks

Export a trial balance for the closing date of the last period in MYOB of the date that you want to start the transaction history from then export the trial balance to Excel.  From within Excel you will need to clear up the data so that Zed Axis Importer can pick up that information and import it as a journal entry.

  1. Overview
  2. Transfer MYOB card file details to QuickBooks.
  3. Transfer tax codes and customer lists to QuickBooks
  4. Transfer supplier lists and employee lists to QuickBooks
  5. Create opening balances in QuickBooks
  6. Create opening inventory balances in QuickBooks
  7. Export accounts payable and account receivable transactions from MYOB into text files
  8. Import accounts payable transactions into QuickBooks
  9. Import accounts receivable transactions into QuickBooks
  10. Validate data transfer
  11. Setup and configure QuickBooks