A chart of accounts consists all of your accounts related to the business in one place. It benefits you to check the current position of your business that helps you to make better decisions for the business. Some of the main accounts that you need to record in the chart of accounts are Assets, Liabilities, Expenses, Revenue, and Equity.
In the following article, we would like to tell you about “How to export chart of accounts in QuickBooks”. For any further assistance, you can hire an accountant by getting in touch with us.
What format does QuickBooks use to transfer files?
Quickbooks Desktop uses IIF (Intuit interchange format) to export and import data from one file to another. It is relatively error free. It does not allow users to make editing in the file. So one has to create an excel file for the same. It is the preferred format used for transfer as it makes it easier to transfer the file from different platforms to QuickBooks. Thus helping in managing the company’s record in a better manner.
How to export chart of accounts in QuickBooks?
QuickBooks export chart of accounts will help you to manage various tasks at a single time. As we all know, the main task for any business is to make a perfect file that can be managed by exporting chart of accounts. Below-written are the complete steps of “How to export chart of accounts in QuickBooks”
Step 1: Make a backup of your QuickBooks Company Files.
Before exporting QuickBooks chart of accounts, we would recommend creating a backup of all your QuickBooks company files. There is a probability of losing your data during the QuickBooks export chart of accounts. After that, you can attempt the steps written below.
Step 2: Exporting QuickBooks Chart of Accounts
- Firstly, you have to open the company file.
- After that, look for the chart of accounts that need to be exported.
- Then, click on the under the taskbar.
- Select utilities and click on Export.
- And then, choose Chart of Accounts.
- Now, a dialog box will appear on the screen.
- Finally, you have to save the file.
Step 3: Import the IIF File
- First of all, launch the file where you wish to save the QuickBooks export chart of accounts.
- After that, choose the Import under the File menu.
- Choose the IIF File.
- Click on the recent export file and choose Open.
- Finally, QuickBooks displays the information list from the export file.
Step 4: Save files
In the last step, you need to save the imported files by choosing the location. Choose Save from the drop-down list in the Excel sheet format.
Hopefully, you have understood all the steps of “how to export chart of accounts in QuickBooks”.
To Conclude
Using QuickBooks utility to transfer data from one file to another makes the process easier and faster. Thus reducing the time and efforts involved in creating a new chart of accounts. It is always prudent to create a back of the files. This helps if there occurs a problem while the transfer of the file
The aforementioned blog will definitely help you to understand “How to export chart of accounts in QuickBooks”. As you understood, QuickBooks export chart of accounts is not a difficult task to perform. If for any cause, you are facing any issues while exporting QuickBooks chart of accounts, take the assistance of one of our accountants. To do so, you require dialing our QuickBooks Support Phone Number 1-888-660-0607.