Created VAT codes: C (Capital), SSA (Standard Sales & Purchases), ESA (Exempted Sales & Purchases), SI (Standard Import Purchases), ZSA (Zero Rated Sales & Purchases).Created Supplier SARS (Receiver of Revenue).The Setup VAT Wizard would’ve done the following: STEP 4: In the VAT Setup Wizard, select the option ‘Set up VAT for an additional country that QuickBooks supports’ STEP 5: Click on Finish STEP 6: In the Create Taxes window, select South Africa STEP 7: Click on OK STEP 1: Ensure a backup is done before proceeding STEP 2: Locate the VAT Menu and click on Manage VAT STEP 3: Because you’re currently using VAT100 and would like to change to VAT201 you’ll click on Change VAT Setup (This will prevent having to ‘refresh’ transactions with new VAT codes down the line). We recommend seeing the current VAT period through using VAT100 and crossing over to VAT201 at the start of the next VAT period. In the following example a customer was using VAT100 in QB 2010, 2012, 2013 or 2014 and would like to starting using VAT201 This entails VAT adjustments and possible journals. However, if you are upgrading from QB 2008 or older, you will then have to setup your VAT. You were using the VAT100 return in QB 2010, 2012, 2013 or 2014 and don’t want to cross over to VAT201 You need not modify or Setup VAT if you are upgrading from QB 2012, 2013 or 2014 and were already using the VAT201 return Be sure to remove the CK number in your existing version of QuickBooks before upgrading. QB 2008, 2010, 2012 or 2013 – Invalid characters in the Company CK field may prevent file from upgrading. Tip: Tick ‘Include Inactive’ box when looking for duplicates.

Be sure to delete duplicate Currencies (QuickBooks won’t delete a currency if there are transactions linked to it). QB 2006 and older – ensure there are no duplicate currencies in the currency list as this will prevent the file from upgrading. Once you have upgraded your data be sure to see that the Trial Balance, Ageing summary reports and Chart of Accounts have pulled through correctly. You will still be able to upgrade your existing data for historical purposes. If your data file is big or you have been running your company financials in one company file for a few years, we recommend you start a new company file with take on balances in the NEW version of QuickBooks. If you are going to install QuickBooks on a new computer, be sure to copy the backup from your existing computer to a memory stick or disc.īefore making the decision to upgrade your data, ensure your current VAT period has been closed off. Here are a few tips for users that will be upgrading from versions 2008 and older:Įnsure you have made a backup of your existing data before you proceed with the NEW QuickBooks installation, either to your desktop or a NEW folder created directly on your C drive. It’s that time of the year again where a new version of QuickBooks is released.

Installing quickbooks upgrade