The quick read
Key points
- Keep the source exports and date them.
- Document the account-to-property mapping.
- Obtain review of the opening balances.
Keep the source complete
Export the reports and supporting records your accountant needs before changing the workflow. Retain a dated balance sheet, income report, account activity and reconciliation evidence. A transaction CSV is useful, but it is not a backup of every journal, attachment or configuration in the prior system.
Map accounts and rental structure
Create a mapping sheet for each source account and property identifier. Explain what classes, locations or customer names meant in the old process, then select the corresponding IQ property or unit. Resolve combined personal and rental accounts with your accountant before import.
Choose a cutover boundary
Agree on a start date and the evidence for each opening balance. Do not bring the same history in twice through both opening entries and transaction imports. Keep outstanding items visible so the first reconciliation can explain them.
Review a parallel period
Compare reports for identical dates, basis and scope. Check transfers, loan principal, refundable deposits and owner funds separately from income and expenses. Resolve differences before making IQ your current entry system. There is no direct QuickBooks company-file conversion or sync.
Before you finish
- Keep the source exports and date them.
- Document the account-to-property mapping.
- Obtain review of the opening balances.
Keep your next step simple.
Use the product guide for the app workflow, or contact support with your question. Bookkeeping reports are not tax advice; review filing decisions with a qualified professional.