The well-known accounting software QuickBooks Online will exit the Indian market on 30 April 2023. As the deadline approaches, the rush to migrate from QuickBooks Online to other software is at an all-time high.
This migration process is creating a lot of chaos and leading to a lot of confusion.
You might be thinking about migrating from Quickbooks to ProfitBooks, Tally, Zoho, ProfitBooks, Freshbooks, etc.
Before you jump the gun and decide to carry out all your accounting activities on the first popular accounting software you find, the following are some things you should consider doing first.
Software compatibility
Quickbooks Online was a multi-faceted cloud-based online software. which took care of a range of functionalities.
Now that you are searching for other software make sure that it is online cloud-based accounting software. This will make sure that you do not lose your data and migration is a much simpler process, and it will also help you avoid a learning curve that you might face.
Data migration
The most important aspect of this migration is to make sure that you don’t lose your data.
When you migrate from QuickBooks online, make sure that you clear your QuickBooks account first. Once that is taken care of, take backups of all the contacts, financial statements, and other important original files.
There is a high chance that you might lose data during migration.
To minimize the loss make sure to back up all your company files.
Below I have added an infographic laying down the basic safety procedures during data migration:
Training & Support
Migration is an overwhelming process, so make sure that you are not wasting your time explaining your situation to every other software company you are trying to export data.
Quickbooks Online has announced its exit from the Indian market in September 2022. That is a long period for preparing their staff for the data export process support.
So if your new software is not allowing you to migrate from QuickBooks smoothly, it will cost you not only money but also time.
Longevity of the company
Quickbooks Online is a US-based company that launched its product QuickBooks Online in India in 2012.
The software version they made available for Indian markets was cheap and easy the business growth of the company became stagnant as they failed to understand the Indian market
In the past 10 years since QuickBooks entered the Indian market a lot of promising accounting software companies that not only understand the Indian markets but are also based in India have become popular.
With QuickBooks software exiting India, it’s safe to say it will be durable for Indian business owners to invest in cloud-based accounting software from an Indian company.
Not only do they understand the Indian market better, but also will be able to match the low rates you are used to with Indian accounting software.
Future updates
The easiest way for any software to be relevant is to make consistent updates to its system to stay updated with the current market needs.
For example, Integrating GST once it was introduced to the Indian market.
Something Quickbooks failed to do.
Now as you migrate from QuickBooks to other software take a look at how many times the software launches future updates with accords to the market, this will help you to make a sound decision.
Migrate from QuickBooks to ProfitBooks
Once you have done all the above-mentioned things and are ready to migrate from Quickbooks, you will come across a lot of popular accounting software like ProfitBooks, Zoho, Tally, FreshBooks, etc.
We recommend you check out this software to make an informed decision for your migration.
However, the following is some information about ProfitBooks to help you with your conversion process.
ProfitBooks is a Pune-based accounting online software company, actively working in the sector for the past 10 years.
ProfitBooks was also recently voted as the “Best inventory management software in India for SMEs” by Capterra.
ProfitBooks is created with the business owner in mind, not just an accountant or CA. Hence, even a person with no accounting experience can use the software easily.
A lot of accounting activities like creating invoices, maintaining a chart of accounts, proper payment gateway integration, automatic backups, etc. Can be done easily in ProfitBooks as it’s on QuickBooks.
Our support staff is well-trained for this migration process and we can ensure a smooth transaction from QuickBooks.
ProfitBooks is one of the most affordable software on the market, which allows its users to access a lot of accounting features such as invoicing, payables & receivables, inventory management, GST tax filing, etc.
So if you must migrate from Quickbooks, come to ProfitBooks!
Conclusion
Migration from a trusted accounting software can be an overwhelming process, but it’s important to take the things mentioned in the article into consideration before you start the migration process.
If you wish to migrate to ProfitBooks contact [email protected]
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