Migration Methods

This article will cover the 2 different kinds of migration into CenPoint

1. Chart of Accounts/Current Balance Only

2. Importing Journal Entries/Transaction History

Chart of Accounts/Current Balance Only

CenPoint cannot import transaction history from accounting software other than QuickBooks at this time.

It is recommended to keep a copy/access to your accounting software for a minimum of 7 years to meet the IRS requirements. Please consult with your CPA for actual time you need access to your old accounting system.

If you are importing from any accounting software other than QuickBooks Desktop/Online, CenPoint cannot import the transaction / journal history. However, we can import for your Chart of Accounts and Current Balance(s).

The limitation for importing transaction history is due to accounting software’s not exporting the data we need. If you are able to find an export that contains all transaction history for a certain date range, please let us know!

You will need to keep access to your accounting software for at least 7 years (or more) to satisfy the IRS requirements. Please consult your CPA for an exact amount of time you should keep access to your previous accounting software.

To learn how to import your Chart of Accounts using an Excel file use the following link: https://help.cenpoint.com/v1/docs/import-chart-of-accounts

Importing Journal Entries/Transaction History

If you are importing from QuickBooks Desktop or Online you have the option to go back 7 (or more) years and import your journal entries/transaction history.

Open bills will be accessible in CenPoint.

If you do not choose to import 7+ years worth of transaction history, it is recommended to keep a copy/access to your QuickBooks desktop account for a minimum of 7 years to meet the IRS requirement. Please consult with your CPA for actual time you need access to your old accounting system.

To learn how to import Journal Entries use the following articles:

QuickBooks Desktop

QuickBooks Online