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Accounts created due to errors when converting from Peachtree or Microsoft Small Business Accounting/Office Accounting QBooks Knowledge Base
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Accounts created due to errors when converting from Peachtree or Microsoft Small Business Accounting/Office Accounting


Accounts created due to errors when converting from other software

sba

only encounters,issue,QuickBooks,accounts,company,Peachtree:
QuickBooks creates the following accounts only if it encounters an accounting issue when converting a company from Peachtree or Microsoft® SBA(Small Business Accounting/Office) Accounting. These accounts will have no AN(Account Number).

What do I do with these accounts?

one,' t,accountant,need,help,https://quickbooky.com site:
Talk to your accountant for assistance on fixing transactions in these accounts. If you don't have an accountant, Intuit can help you find one . If you need more help, you can visit the   https://quickbooky.com site.

Some strategies are:

  • B account,merged:
    Merge the error account with another account that was converted from the original company. For example, an Account Name -B* account can be merged with another Bank account.

  • Create a Journal Entry that transfers funds to another account , leaving a balance of 0 in the error account, then hide the account .

  • problem,Peachtree:
    Fix the problem in Peachtree or SBA(Small Business Accounting/Office) Accounting, then reconvert the file.

    change,Peachtree Business Accounting/Office Accounting,fix,problem transaction:
    For example, some of these accounts are created when the original transactions post to accounts of an invalid type. To fix it, you could open Peachtree or SBA(Small Business Accounting/Office) Accounting, locate the problem transaction, and change it to post to an account of the correct type.

List of accounts created due to errors

  • Half Cent Account*

    Type: OE(Other Expense)

    Description: Contains discarded half cent values that arise when handling rounding differences between QuickBooks and the application used to create the original CF(Company File). In particular, this is used when handling rounding of values associated with JC(Job Cost)ing on PT(Payroll Tax)es in paychecks.

  • *Cash Basis AR(Accounts Receivable)* (Peachtree only)

    Type: AR(Accounts Receivable) (A/R)

    Description: A clearing account used for conversions of companies configured for CB(Cash Basis) accounting (as opposed to accrual based accounting).

  • *Cash Basis Accounts Payable (Peachtree only)

    Type: Accounts Payable (A/P)

    Description: A clearing account used for conversions of companies configured for CB(Cash Basis) accounting (as opposed to AB(Accrual Basis) accounting).

  • Account Name-A*

    Type: Other Current Asset

    Credit Memo transactions,Invoice,accidentally post to Accounts Receivable account:
    Description: Contains Invoice, Customer Payment, and Credit Memo transactions that accidentally post to an AR(Accounts Receivable) account instead of to an income or EA(Expense Account). Also contains Invoice transactions that were posted to an A/R account twice, on both the debit and credit sides.

    conversion,Asset account,accidentally instead,income account,accidentally to A/R account,example:
    For example, if an income from a customer payment is accidentally posted to an A/R account instead of an IA(Income Account), the conversion will create an Other Current Asset account named "AR(Accounts Receivable)-A*" for the transaction.

  • Account Name-AR*

    Type: AR(Accounts Receivable)

    types transactions,post to,A/R account,QuickBooks:
    Description: Contains Invoice and Customer Payment transactions from the original file that do not post to an A/R account. QuickBooks requires these TOT(Types Of Transactions) to post to an A/R account.

    example,A/R account:
    For example, if an Invoice/Payment was originally posted to an account named "Other Income" (an income type account) and not to an A/R account, it will appear in an A/R account named "Other Income-AR*".

  • Account Name-AP*

    Type: Accounts Payable

    QuickBooks,types transactions,post to,A/P account:
    Description: Contains Bill or Bill (vendor) payments from the original file that do not post to an A/P type account. QuickBooks requires these TOT(Types Of Transactions) to post to an A/P account.

    example,A/P account:
    For example, if a Bill or Bill payment was posted to an account named "Property Tax Payable" and not to an A/P account, it will appear in an A/P account named "Property Tax Payable-AP*".

  • Account Name-B*

    Type: Bank

    QuickBooks,types transactions,post to,Bank account:
    Description: Contains Check, Deposit, and Payment transactions from the original file that do not post to a Bank account. QuickBooks requires these TOT(Types Of Transactions) to post to a Bank account.

    Bank account,Expense account,Small Business Accounting/Office Accounting:
    For example, if a Check or Deposit was posted to an Expense account called "Bad Debt" in SBA(Small Business Accounting/Office) Accounting, it will appear in a Bank account named "Bad Dept Expense-B".

  • Account Name-L*

    Type: Other CL(Current Liability)

    Description: Contains Bill Payment and Bill Credit transactions that accidentally post to an Accounts Payable account instead of to an income or EA(Expense Account). Also contains Bill transactions that were posted to an A/P account twice, on both the debit and credit sides.

    conversion,Liability account,accidentally to A/P account,expense account,accidentally to,example,accidentally instead:
    For example, if the expense for a BP(Bill Payment) is accidentally posted to an A/P account instead of an EA(Expense Account), the conversion will create an Other Current LA(Liability Account) named "Accounts Payable-L*".

  • MissingInvAsset

    Type: Other Current Asset

    Description: Contains the total cost of all II(Inventory Items) that do not have an IAA(Inventory Asset Account) associated with them.

  • MissingInvCOGS

    Type: COG(Cost Of Goods) Sold

    Description: Contains transactions for II(Inventory Items) that do not have a COGS account associated with them.

  • MissingInvSales

    Type: Income

    Description: Contains transactions for II(Inventory Items) that do not have an IA(Income Account) associated with them.

See also


Source: Accounts created due to errors when converting from Peachtree or Microsoft Small Business Accounting/Office Accounting | Intuit Help | Knowledgebase ID: 157762
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