Starting a new Company file

L Childs · June 2022

Our current Company file is sluggish and quite large.

We are looking at creating a new file and we understand that we create a new Company and can import and export lists with IIF files but to get the starting balances into the new Reckon file is that done manually?

And has anyone created a new file?

Are there issues we should look out for?

Does this affect any connections we have like STP?

And can we bring over the payroll for the first run in July 2022 and bring over the creditors weeks later as long as we use the right starting balance?

Thank you for any help and guidance.

Jean

Rav · June 2022

Hi Jean,

Before going down this route, I just want to check do you usually perform regular maintenance on your file? How large is your file?

There's a number of steps that you could look at doing (regularly) that will help you get the best performance out of your file and would potentially be significantly easier than exporting/importing IIF's etc. I'll link a couple of articles below which may be helpful -

https://help.reckon.com/article/raxkcjai2w-kba-3793-how-to-improve-the-performance-of-your-qbi-company-file

https://help.reckon.com/article/enbroipis8-kba-294-quick-books-qbi-program-performance-is-slow-in-multiple-areas

L Childs · June 2022

Hi Rav

We do regular back ups of the company but that is all the maintenance that we do.

Thank you for the attachments I will have a look.

Jean

Kris_Williams · June 2022

I have done this a few times over the years and it is a little time consuming but very effective. You can export many lists to the new file via an iif file - suppliers, customers, items, chart of accounts and many others. When you setup the new company you select none when asked for chart of accounts.

as long as all details in company info are identical I don’t believe there would be any STP issues.

happy to answer any other questions either here or 0415940843