Creating a new Company file in QuickBooks from the scratch can be an arduous task for some users. However, QuickBooks users can follow an easy approach wherein they can A complete guide on how to set up a company in QuickBooks. The process has been simplified by our experts and a lucid enumeration of the same has been unraveled in this article. So, keep reading to know how to create a new Company file in QuickBooks from an existing one.

When should a new Company file be created in QuickBooks from an existing one?

There can be several factors that embolden the user to go for the creation of a new company file in QuickBooks to replace the old one. These include:

·         Corrupted company file, which may install a fear of permanent data loss in the user’s mind.

·         Unsatisfactory and unacceptably slow performance of QuickBooks, especially when opening or modifying the company file.

·         Reaching the list Limits

·         Inventory tracking issues in QuickBooks.

 

You may also see: Troubleshooting Steps of QuickBooks Error Code 3180

Procedure to Create a New QuickBooks Company file in Enterprise Solutions, Enterprise Accountant, or Premier Accountant

Users you are using QuickBooks Desktop Enterprise, Enterprise Accountant, or Premier Accountant then you can use a feature to quickly create new company files from existing ones. The below given steps need to be followed to create the company file templates:

·         At first, you would have to move to the File menu and select New company from existing company file.

·         After that you need to select the Browse tab and find the company file to be copied. 

  • Choose the file and pick the Open tab. 
  • Assign a name to the copy of the company file. 
  • You should select the Create Company option.

QuickBooks shall copy the preferences, memorized reports, chart of accounts, and other data to the new company file.

Summing Up!

This article laid emphasis on the creation of a new QuickBooks company file from an existing one. If you face any obstacles, just give our QuickBooks desktop support team a call at 1-800-615-2347.

 

READ MORE