Question

You're setting up QuickBooks online for a company that already has information in Excel. What can you import into QuickBooks from Excel?

a) This is a question about the process of importing data from Excel into QuickBooks online.
b) This is a question about the benefits of using Excel in business.
c) This is a question about the differences between Excel and QuickBooks.
d) This is a question about the history of spreadsheet software

Answer 1

You can import various data into QuickBooks from Excel, including chart of accounts, customer list, supplier list, product and service list, and opening balances.

Step-by-step explanation:

When setting up QuickBooks online for a company that already has information in Excel, you can import various data into QuickBooks from Excel. Some of the data that can be imported includes:

1. Chart of Accounts: This includes the accounts, account numbers, and account types.
2. Customer List: This includes customer names and contact information.
3. Supplier List: This includes supplier names and contact information.
4. Product and Service List: This includes the list of products and services your company offers.
5. Opening Balances: This includes the opening balances of accounts, customers, suppliers, and inventory.

These are just a few examples, but QuickBooks provides a comprehensive import feature that allows you to transfer a wide range of data from Excel.