This article outlines the specific pre-conversion steps for MyOB Essentials.
We expect that you have already covered the general pre-conversion steps and you can simply go ahead with the remaining ones on this list.
Step 1 - Do your taxes (VAT/GST) report for the remaining quarter (Mandatory)
Note: If you use Cash based accounting, we advice you to migrate directly after close (and reconciliation) of a taxes (VAT/GST) period. Otherwise the post-conversion work in the Quickbooks Online can be a lot of work (considering partial paid invoices).
Step 2 - Extract post-conversion check data (Mandatory)
After the conversion is done you need to be able to check the results. This is why we need to extract the following reports from your system:
- Profit and loss until conversion date
- Trial balance until conversion date
- Balances on your bank accounts
- Print a list of outstanding invoices of your customers and suppliers per conversion date
Step 3 - Extract data for auditing purposes (Mandatory)