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Dear Sir/ Madam,
We are planning to re-start our bookkeeping on Quickbooks and moving our data from Xero back to our existing Quickbooks Online Subscription. Therefore, I have a few questions regarding this:
Q 1. How DO I re-start the bookkeeping work on Quickbooks Online, which reports should I get from our bookkeepers and please instruct how can to input this data and where to? Is the ending balance entry good enough to be able to re-start the bookkeeping on Quickboks from the 1st day of the next month?
Q 2. The previous bookkeepers provided us with an account transactins report to the date in GBP, which they were doing for the VAT purposes. How can I convert the currency for the ending balance from GBP to USD, as our main trade currency is USD and input this data to our QBO accordingly to restart the bookkeping please?
Thank you very much in advance and I look forward to hearing from you soon.
Kind regards,
Richard