I’ve got your back, lrh.
Let me share information about your concern with running cash basis reports in QuickBooks Desktop (QBDT).
When migrating from QuickBooks Online (QBO) to QuickBooks Desktop (QBDT) there may be some discrepancies we might expect. One of these is running reports. We can utilize the reports to compare if all data are copied successfully. In this, I want to show what report discrepancies we can expect:
- Cash basis — QuickBooks Desktop and QuickBooks Online don't track transactions as paid the same way. Reports may not match using a cash basis.
- Inventory — Reports might not match because QuickBooks Online and QuickBooks Desktop calculate inventory differently.
- Multi-currency — Transactions with 3 different types of currencies don't convert to QuickBooks Online.
Since you’re missing two vendors when running a Profit and Loss report on Cash Basis this is because the two programs track differently with paid transactions. This means that in QBDT when you paid the bills, the transactions will then be shown on the P&L report on Cash Basis.
Moreover, to ensure that everything was migrated successfully, you’ll want to run and compare your financial reports. In case you think that there is missing information, you can manually import them using a supported file to QBDT.
I also added this article to know what to expect when converting to QBDT: Learn how features and data move from QuickBooks Online to QuickBooks Desktop.
Feel free to leave a comment if you have more questions about moving your QBDT file to QBO. The Community always has your back. Have a good one!
