That would show what GL account the list item (for example, the deductions or additions) will post to when that item is used in Payroll? I’d like to be able to have a quick and easy reference when creating a new GL structure. I know I can view the detail online one item at a time, but that takes to long.

How to Use an Old Company File With a New Version of QuickBooks

In case you don’t already have an online Quickbooks account, you will first have to create it. Learn how to manage multiple company files more easily with QuickBooks. By carefully organizing the chart of accounts, businesses how to create a new company in quickbooks desktop can gain valuable insights into their financial health, make informed decisions, and generate accurate financial statements with ease. You may have unlimited company files with  a single one time license.

Select a Country

You will have to navigate to the specific folder where you would like to save the company file. Give the file a name to save as and then click on the button labeled “Save.” The new company file will now be created by Quickbooks. Once you’ve done this step, click on the button labeled “Save” to continue to the next step. You can move your lists (vendors, customers, inventory and chart of accounts) to your new company so you don’t have to start from scratch.

Step 4: Set Up Your Chart of Accounts

Then condense the file to remove all the transactions. This vital process allows businesses to store essential information about their customers and vendors, such as names, addresses, phone numbers, email addresses, and payment terms. It enables the accurate recording of transactions, including invoices, bills, and payments for effective financial tracking.

QuickBooks copies your preferences, sales tax items, memorized reports, and chart of accounts to the new company file. It doesn’t copy sensitive info like Employer Identification Number (EIN) or payroll. A company file in QuickBooks serves as the financial management hub for a business, housing all the financial data and records necessary for accurate bookkeeping and reporting.

And BTW, this is not only for the Payroll Item List … It would apply to any list where they list items are referenced to a GL account to post transaction values. The process ends there for whichever company you are trying to set up. It is identical for any company you are opening, so you can repeat this as many times as you wish, depending on how many companies you would like to add to your account. If you have multiple companies under separate Intuit accounts in QuickBooks Online, here’s how to move them all into one Intuit account.

• If you want a user to have access to a company, you need to give them permission by adding them to the appropriate user list.
• Users you set up for one company aren’t automatically granted access to the other.
• Once done, you can convert your company file to a Mac.
• In QuickBooks, you can save multiple company files for multiple businesses.
• QuickBooks copies your preferences, sales tax items, memorized reports, and chart of accounts to the new company file.
• Saving and backing up the company file in QuickBooks is a crucial precautionary measure to protect the financial data, transactions, and configurations from potential loss or corruption.

How to Clear a Recent Company List in QuickBooks

I’m here with some instruction that makes setting a new company a breeze, @keswicktyler.

• Learn how to start over with a new company file, and include accounts and lists (customers, vendors, items, etc.) from your old file in QuickBooks Desktop.
• This means each Company you’ll create will have its own subscription.
• Hopefully one I could choose what components to include …
• The report’s default columns include the liability and expense account fields.

By adjusting these preferences, companies can streamline their financial operations, improve accuracy in reporting, and ensure that the software reflects their individual processes. This process begins by validating the initial setup of the company’s financial information, such as chart of accounts, bank accounts, and tax settings. Once the setup is confirmed, the reconciliation process is crucial to ensure that the data in QuickBooks matches the company’s bank statements and other financial records.