Peachtree and QuickBooks are two different most widely used accounting software. Though Peachtree is good software for bookkeeping and accounting, QuickBooks software with the widest variety of applications and unique features is the largest and most recognizable name in the industry.
It’s never so easy to migrate files, and you have made the move to QuickBooks, but you have years of data to transfer. It takes time, have patience, and a little technical know-how to switch or convert from Peachtree to QuickBooks to make it possible.
Converting Peachtree to QuickBooks can seem like a formidable task out of the gate. Fortunately, inside QuickBooks, there are abilities that help you to make your conversion as smooth as possible.
Inside your QuickBooks app, the QB Conversion Tool offers a convenient way to directly convert and move the data to QuickBooks inside Peachtree. This guide gives you an overview of converting Peachtree to QuickBooks and its data migration.
Requirements of Peachtree to QuickBooks conversion
The conversion from Sage 50 to QuickBooks can be performed natively using the QuickBooks Desktop Conversion Tool. The tool works to convert Peachtree version 2013 or higher to subsequent releases of QuickBooks Desktop Enterprise, Premier, and Pro 2016.
- In a device that supports at least Microsoft .NET Framework Version 2.0.0,
- At least 512 MB of RAM and at least 2.5 GB of free hard drive space are required.
- Although it can run on Windows 8 and Windows 8.1, it is recommended that both Peachtree and QuickBooks Desktop should be installed on a Windows 10-based system.
Preparation to convert Peachtree to QuickBooks
- The very first step is to ensure that the program has to be installed on the same device.
- In addition to company data and other backups, the data folder and .exe files for both QuickBooks and Peachtree should be on the local hard drive of the device where QuickBooks is located.
Step by Step instructions to convert Peachtree data to QuickBooks
Follow the instruction that helps you to easily convert your data to QuickBooks from Peachtree/Sage 50. Let’s see the detailed steps provided below:
Back up the details. It is often advised to make a copy of any details you plan to change. While this conversion tool will work, a good rule of thumb is always to back up your data first, according to Intuit. You can still revert to a backup and build another copy if anything goes wrong.
Name the files for you. You may opt to go by name or ID, but for quick reference, it is advisable to use names. Keep the title succinct; QuickBooks Data is limited to 41 characters and cannot be used twice with the same name. For example, if you have two Fourth Quarters, QuickBooks will automatically assign numbers after the (001, 002, 003) name.
Visit the Intuit website and register. Intuit has a free conversion tool on their website that will convert all the relevant data (see “Additional Tools,” below). In your business accounting software, the concept behind this tool is to allow you to pick up where you left off. Enter all the appropriate details in the boxes once you go to that site, and click “Send.”
Download the file with the converter. You can go ahead and download the tool once you fill out this info. It’s about 30 MB and installation on a 3-Mbps connection takes about two minutes. Once the downloading process finishes then press “Run.” You can then install the conversion tool on your device.
Conduct the installer of the converter method. The QuickBooks conversion tool will walk you through the process of converting your details, step-by-step. Locate your Peachtree Files, press the button and the conversion tool will start converting automatically.
Enter the name of your company. The data is now transformed, but it is important to manually enter the company name and details. Open QuickBooks; choose “Company”, and then “Company Information.” Open Peachtree, choose “Maintain” and choose “Company Information.” You need to copy and paste the information.
Have your preferences set up. Note, all you did was get the data converted. QuickBooks also needs to consider the way the organization is run. Go to the “Edit” tab to do this and pick “Preferences.” Set up the basic data as you’d set up your business from scratch.
However, converting Peachtree to QuickBooks or migrating company data from one software to another sound like daunting tasks. But with the help of this ultimate guide, you can make your task much easier. So, I need to perform the steps provided above and switch your accounting software effortlessly.