Duplicate reference Number in bank transactions or invoices/bills:- In case we find duplicate reference numbers then we use transaction numbers instead of reference numbers or make the numbers unique by appending an extra character with a hyphen.Blank Bill reference Numbers and Invoice reference Numbers:- In case we find any invoice or bill without a number, we use a dummy number example for Bills:- Bill1, Bill2 and for Invoices - Inv1, Inv2.Rounding can be different in QBO and MYOB because of the data precision techniques used in both software.
This might cause a difference in the debit and credit side of the trial balance.
Please note that we do not bring WET as a Tax Type. We bring Wine Equalisation Tax (WET) by adding a description line item to the invoices having WET.Since we don’t do tracked inventory, as part of the migration, we import all the items as "non-inventory" type in QBO and after the completion of the migration, you need to manually change the type from 'Non-Inventory' to 'Inventory' and add the quantity on hand manually for each item We bring inventory details like name, code, description, sales account, purchase account, sales price, purchase price etc.System Accounts like Retained Earnings, VAT control Account are used in QBO for their counterpart accounts in MYOB.Inter Bank Transfers may be converted through a Clearing Account in QBO.Custom Sales Tax Rates are converted into standard Sales Tax Rate with "Tax Adjustment" entry as a separate line item in QBO.Open Receivable and Payable Invoices shall contain only single line showing the unpaid balance of Invoice in QBO.Chart of Accounts - Inactive Accounts, if used in MYOB in the conversion period are turned as Active Accounts in QBO.If you use desktop solutions, be sure to backup files regularly (online. Once your transaction is ready, copy and paste it into the Import Invoices window. Open the template and add your information, then Save.
Type a name and save the template to a location. Click the Gear menu in the lower left and choose Export Table Template. Chart of Accounts - Sub Accounts in MYOB are converted as Independent Accounts in QBO Use files or other storage facilities to retain receipts and other evidence. Choose File > Import > Transaction > Invoices.