Xero >> Xero Migration

Cost

Preparation Tasks

In Xero

When migrating from Xero to QuickBooks Online, you must first set up your Quickbooks/Settings to be closely matched to how your Xero is set up.  This will ensure a timely migration! Our recommendations, to accomplish this, are as follows:

1. Either setup your new QuickBooks Online Chart of Accounts to match your current Xero's Chart of Accounts.  Or import your Exported  Xero's Chart of Account. If you are looking to clean up your Chart of Accounts for your migration, we suggest you do your G/L cleanup AFTER your migration you may miss crucial G/L accounts mapped in your Loft/Xero integration.  This will cause issues when migrating because the migration requires specific G/L mapping in both your Settings and deductions.
   
1. To export your Chart of Accounts out of Xero, follow the instructions in this Xero article https://central.xero.com/s/article/Export-or-print-your-chart-of-accounts please note, you will need to reformat the spreadsheet export to be compatible with the import template required by QuickBooks Online. https://quickbooks.intuit.com/learn-support/en-us/help-article/import-export-data-files/import-chart-accounts-quickbooks-online/L9Res1eb1_US_en_US#:~:text=Here%27s%20a%20sample%20of%20how%20your%20spreadsheet%20should%20look.%20You%20can%20also%20download%20our%20sample%20spreadsheet%20if%20you%20need%20more%20references.

In QuickBooks Online

To setup your QuickBooks Online, follow the steps in this article https://support.loft47.com/portal/en/kb/articles/setup-a-new-quickbooks-account-to-integrate-with-loft 

Please make sure each of the following below are setup correctly in QuickBooks Online:

1. Financial Settings (Fiscal reporting dates)
   
2. Ensure G/L numbers are turned on in your QuickBooks Online/Settings/Advanced menu (Loft can not find a G/L Account in your Chart of Accounts without a number assigned to it)
   
3. Identify whether you are using Class or Location for Office tracking/mapping (one must be turned on)
4. Confirm your Office(s) is set up in your QuickBooks Online/Lists and spelled exactly as they are in your Loft/Offices page. You can also view your offices on your Brokerage page.
   

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