How to Convert QuickBooks Self-Employed to QuickBooks Online?

QuickBooks is one of the most widely-used user-friendly accounting software that helps you keep a track of all the business expenses and income. It saves a lot of business time as it eliminates the need for manual entry.

Now, If your business is flourishing, you need to upgrade your QuickBooks account from a simple plan with elementary features to a more advanced version for improved bookkeeping. In this article, you will get an insight into the steps you need to follow to convert from QuickBooks Self-Employed to QuickBooks Online. You will also learn about the secure transfer of vital data.

How to Save Financial Reports?

In this section, You will get to know how you can save your valuable financial reports. If you wish to have a backup copy for storage, you must download all of your work from QuickBooks Self-Employed.

Step 1: Navigate to Reports.

Step 2: Opt for the tax year from the Tax Details section.

Step 3: Choose Download.

Step 4: Download the report for every year that you have in QuickBooks.

Step 5: Follow the same procedure for the other sections like Mileage Log, Profit and Loss, and Receipts.

How to Copy the Data to QuickBooks Online?

If you want to copy the data to QuickBooks Online, you should adhere to the following steps:

Step 1: Go to Settings and choose Upgrade from the Profile column.

Step 2: Choose the preferred plan by clicking on it.

Step 3: Examine the new features, then click Sounds Good.

Step 4: Selected Bring my data to copy your data to QuickBooks Online. Otherwise, Choose Start Fresh.

Remember to classify open transactions and indicate paid invoices if you decide to contribute your data.

Step 5: Review the list of the data you’ll transfer to QuickBooks Online.

Step 6: Opt for Continue and then proceed to QuickBooks Online.

Step 7: Select Change Plan after double-checking your payment method. Select Edit to make a payment method change.

Step 8: To begin using QuickBooks Online, Please answer or confirm a few questions about your company.

How to Switch from QuickBooks Self-Employed to QuickBooks Online Manually?

How to Convert QuickBooks Self-Employed to QuickBooks Online Simple Start?

It is suggested to download all of your work from QBSE. It is to ensure that everything should be saved because you can no longer go back to QBSE after you switched ti QuickBooks Online.

To convert your account from Self-Employed to QuickBooks Online Essentials follow the below steps:

• First, You have to go to the Reports menu and then in the Tax details section, you have to select a tax year.
• Then, to get a Tax Details report you to have to select Download.
• For each year you have to download a report that you have in QuickBooks.
• Again, You have to repeat the following steps above for the rest of the reports.

After finishing, you have to follow the steps to upgrade your subscription:

• Begin by going to the Gear icon and then you have to select Billing info.
• Then you have to click Explore QuickBooks Online plans. You have to choose a Switch plan or you have to Choose a plan.
• Then you have to follow the instructions that are visible on the screen.
• If you want to choose then you have to select Bring y data that you want to move over. Select fresh if you don’t want to move any data and start fresh.
• You can select To QuickBooks Online. In case you see a billing info review screen, you have to select Change Plan to start.

How to Add Transactions in Case You Don’t Have Them and Download?

Step 1: Choose Transactions from the menu in QuickBooks Self-Employed.

Step 2: Decide on Add transaction.

Step 3: Enter the transaction’s description, date, and value.

Step 4: To apply for sales tax, Click Apply and then choose a Province.

Step 5: Enter a Business Number and choose Sales Tax on Invoices.

Step 6: From the dropdown menus, choose a category type to download.

Step 7: You may add notes, peruse, and upload receipts.

Step 8: Click Save.

Step 9: To download the CSV file, click the download icon to the right of the CATEGORY.

Step 10: Save it in a location that is simple to discover, such as your Windows desktop.

How to Import Important Data and Map Them Appropriately into QuickBooks Online?

You should stick to the steps highlighted below in order to import the invaluable data and map them properly into QuickBooks Online.

Step 1: You should open a new QuickBooks Online Essentials or Plus Company.

Step 2: You must opt for the Banking option from the Navigation Bar.

Step 3: You should select Upload file.

Step 4: Next, you should navigate to the exact location of the CSV file you saved pertaining to the downloaded QBSE transactions.

Step 5: Confirm the mapping of column names for import before importing the CSV Data from QuickBooks Self-Employed into QuickBooks Online.

Step 6: In order to map the transactions into the QuickBooks Chart of Accounts, you must complete the required Account Mapping in the final step. QuickBooks Self-Employed substitutes “Categories” for a true Chart of Accounts. The transactions must be mapped to the proper Chart of Accounts in QBO, much like when utilizing bank feeds, because these “Categories” do not convert.

The article shed light on the procedures you must abide by to switch from QuickBooks Self-Employed to QuickBooks Online for enhanced bookkeeping. You also get to learn about the proper and safe transfer of data.

However, If you are unable to understand the steps, then you should take the help of a professional QuickBooks expert. And if you have further queries related to switching from QuickBooks Self-Employed to QuickBooks Online, you should get in touch with our Dancing Numbers team.

---

Frequently Asked Questions