{"id":11894,"date":"2024-04-16T05:51:24","date_gmt":"2024-04-16T04:51:24","guid":{"rendered":"https:\/\/www.companyandmanagement.com\/?p=11894"},"modified":"2024-04-16T05:51:24","modified_gmt":"2024-04-16T04:51:24","slug":"how-do-i-open-and-restore-a-company-in-quickbooks","status":"publish","type":"post","link":"https:\/\/www.companyandmanagement.com\/how-do-i-open-and-restore-a-company-in-quickbooks\/","title":{"rendered":"How Do I Open And Restore A Company In Quickbooks"},"content":{"rendered":"
Opening and restoring a company in QuickBooks is not as daunting a task as it may seem. You don’t necessarily need to pay for professional accounting services to carry out the process. Learning the basics of QuickBooks is straightforward, and the process to open and restore a company is simple. As such, any business owner can carry out the procedures<\/p>\n
The first step to opening and restoring a company in QuickBooks is to get the required software. You can purchase QuickBooks from the company’s website; if you are starting a new company, you will need the most up-to-date version. If you have an existing company, you can use the same version of QuickBooks you used with the organization previously. In this case, you will need the license file and product number to enter the necessary information.<\/p>\n
Upon opening QuickBooks you have the option to create a new company file or restore an old one. In the case of a restored file, you will need to input the Backup folder location and Backup file name. The Backup folder is stored by default in the C:\\Program Files\\Intuit\\QuickBooks\\Backup folder and the Backup file itself will have “.QBB” as part of its name. Once you enter the folder and file name, click “Open.”<\/p>\n
Upon restoring a company in QuickBooks, you will be provided with a “Chart of Accounts” tab. As the title suggests, this tab lists the accounts for the company, such as income and expenses, liabilities, assets, and deposits. By using the Chart of Accounts tab, you can ensure the information and accounts associated with the company are the same as when you backed up the file. You can add additional accounts, edit existing ones and delete accounts no longer needed.<\/p>\n