Wave is an accounting software as QuickBooks, it takes care of your accounting needs by tracking income and expenses, it helps in creating and sending invoices to your customers and it also helps in the scanning of your receipts. Here we will discuss below all options we do have for importing the data from Wave Accounting Software to QuickBooks.
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Now if your small business is growing and you want to transfer your accounting data to more robust accounting software, then QuickBooks might be the appropriate option for you. But whenever you switch accounting software, you will have to transfer your data as well from old software to new one.
Data Import options from Wave Accounting Software to QuickBooks
Well, unfortunately, direct import functionality from Wave to QuickBooks is not available. But you can export the data from Wave in CSV or excel format and then import it in QuickBooks using import data functionality.
Following lists and items can be imported into QuickBooks without much hassle with the help of CSV or excel file:
- Customers and suppliers.
- Chart of Accounts.
- Product and services, Invoice, credit notes, etc.
- Sales receipts & bills
There are few things in wave software that cannot be converted as such for import purposes in QuickBooks:
- Budgets, Track inventory feature, Chart of Accounts (description, classes, and items)
- Quantity of inventory and sales prices, Fixed assets,
- Expense claims, QuickBooks Memorized Transactions, payment terms.
- Custom VAT rates, Invoice templates, timesheets, deleted/void transactions.
- Transactions lines with nil value, attachments, and unreconciled entries.
So, you may have to create these lists and items from the scratch in QuickBooks. There are several workarounds for these things as well, which you can research for and apply if you do not want to start from scratch.
Now when we have got some knowledge over the data import from Wave accounting to QuickBooks, let us look into some FAQs to have more clarity around the topic.
Looking for a professional expert to get the right assistance for your problems? Here, we have a team of professional and experienced team members to fix your technical, functional, data transfer, installation, update, upgrade, or data migrations errors. We are here at Dancing Numbers available to assist you with all your queries. To fix these queries you can get in touch with us via a toll-free number
+1-800-596-0806 or chat with experts.