User Guide

What QuickBooks Data Is Converted
Converting Customers
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QuickBooks allows you to set up a list of terms. When setting up customers,
you can select any one of the terms from the list. Peachtree sets up a single set
of “standard terms” in Customer Defaults. Then, when setting up a customer,
you choose whether or not the customer uses standard terms. All QuickBooks
customers are converted as using non-standard terms, with each set of unique
terms based on the terms listed in QuickBooks.
After the conversion is complete, you need to set up standard terms for
customers in Customer Defaults.
Sales Taxes
Each customer is assigned a default sales tax code. Peachtree will select the
sales tax code that matches the tax item listed in the QuickBooks customer
record. For more information on what sales tax information is converted, see
“
Converting Sales Taxes” on page 262.
Customer Jobs
In QuickBooks, jobs are a subset of the customer list. In Peachtree Accounting
jobs are maintained as a separate list. For more information on jobs, see
“
Converting Jobs” on page 275.
Customer Beginning Balances
Peachtree converts the open balance (the sum of all outstanding invoices) as
the customer’s beginning balance. This beginning balance is entered as of the
day before the first period you chose to enter data during the conversion
process. When you receive payment from a customer, you can enter it against
the beginning balance total.
If a customer has a job associated with it, then the job’s open balance is
converted as a separate beginning balance. See also, “
Understanding Balances
after Converting from QuickBooks” on page 277.
Note: Each customer will have its own beginning balance.
Note