FreeAgent to QuickBooks Online Conversion
Are you looking for a way to convert your FreeAgent data to QuickBooks Online? Migrating from FreeAgent to QuickBooks Online is a difficult task for most accountants.
And it’s not just the conversion that can be hard, but also the setup and running of your new accounting software once you are done with the migration. You need to set up multiple bank accounts, clients, customers, vendors etc., and make sure everything works together smoothly in order to get out of this process as quickly as possible without incurring any additional costs or errors. This is where we come in! We have made our platform so simple and easy-to-use that anyone can do it – even if they haven’t used QuickBooks before! Our professional team will handle all the tedious work involved in migrating from FreeAgent to QuickBooks Online so you don't have to worry about anything else except getting back to doing what you love best - accounting!
With MMC Convert, you can rest assured that your data will be converted accurately and efficiently. Plus, our team of experts is available 24/7 to help with any questions or concerns you may have.
- Chart of Accounts (We do custom mapping as well)
- Customer Details
- Supplier Details
- Opening Account Balances
- Aged Receivables
- Aged Payables
- Bank Transactions (Includes Invoice payments, Bill payments, and other Bank Transactions) (All Bank Transactions will remain unreconciled in QuickBooks Online and can be reconciled at your end at once by entering opening balance and closing balance. This will be the step in the post-conversion process at your end)
- Credit Card
- Invoices and Credit Notes Detailed
- Bills and Bill credit Detailed
- All Manual Journals
- Inactive Contacts/Accounts can be brought over on special request
- The entire conversion and matching of Reports are done on ACCRUAL Basis.
- We make our best attempt to give you the exact image of your FreeAgent data, however, due to the limitations of few fields which are different in FreeAgent and QuickBooks Online, we might have to use some workarounds to bring the transactions.
- Budgets
- Track Inventory
- Classes / Job / Department
- Purchase Orders and Sales Estimates
- Fixed Asset
- Expense Claims
- Memorized Transactions
- Payment Terms
- Custom VAT Rates
- Invoice Templates
- Time Sheets
- Repeating Invoices after the "Convert To" date
- Deleted/Void Transactions
- Allocation of Invoices or Bills against credit notes
- Transaction lines with Nil Values
- Sales Rep
- Customer Jobs
- Attachments
- Unreconciled Entry
- We are specialist in converting core financial information and we try our best to bring the other non-financial information as well, however, because of the limitation of APIs of both software’s, we might not be able to get few fields
- Chart of Accounts - Sub Accounts in FreeAgent are converted as Independent Accounts in QuickBooks Online
- Chart of Accounts - Inactive Accounts, if used in FreeAgent in the conversion period are turned as Active Accounts in QuickBooks Online
- Custom Sales Tax Rates are converted into standard Sales Tax Rate with "Tax Adjustment" entry as a separate line item in QuickBooks Online
- System Accounts like Retained Earnings, VAT control Account are used in QuickBooks Online for their counterpart accounts in FreeAgent .
- Rounding can be different in QuickBooks Online and FreeAgent because of the data precision techniques used in both software.
- In Purchase Bills - we don’t bring items or product in QuickBooks Online.
- 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.
- 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
- Limitation of Reference number:- QuickBooks Online have limitations of 20 characters for Reference number thus for the reference numbers more than 20 characters we have to trim them to 20 characters.