Technology is taking the accounting industry in the right direction, making accountants meet tight deadlines with ease. That's why, as an accounting firm, you must introduce a portable QuickBooks file. The file will make it easier for you to share or move accounting data.
The Quickbooks portable file is small enough and saves accountants from relying on multiple storage solutions for backup. You don’t have to worry about data getting lost, as is the case with flash drives, which can get lost.
But what is a Quickbooks portable file, and how does it work?
If you're looking for the right tool to share your accounting data with another computer, this guide is for you. We’ll discuss what a Quickbooks portable file is and how to create it.
Quickbooks portable company file is a copy of the financial data that you can send through email or portable devices like a flash drive. The file doesn’t have templates, images, logos, or letters. It also lacks a transaction log (TLG) file, making it smaller.
This tool can solve data problems since it re-indexes the data when recovering the company file.
A portable company file works by removing excess data like logos, images, or templates on a file. It does that to ensure the file only contains crucial company data. It does not contact the transaction log file or .tlg file.
You can use the following procedure to create a portable Quickbooks file:
First, ensure you have an updated version of your Quickbooks.
Since portable company files are great for sharing accounting data where a full backup is unnecessary, consider creating a backup. The backup also helps maintain your message templates, logos, and images.
It can also enable you to retain a loan manager, statement writer, and log files. Use the right procedure to back up your company files.
After securing your company files, you can create a portable company file using these steps:
Note that after creating the portable company file and sending it to another computer, you can access all its data. However, they need a password to open the file.
Even though some users confuse Quickbooks portable files with backup, the two are different. In Quickbooks, backups are a copy of a certain account and all its files. So if you create a backup in Quickbooks, it will copy the account and all the data in it, plus logos, images, invoices, and templates.
Quickbooks backup files have an extension QBB. Backup ensures you have your data if something happens to the original Quickbooks. However, most people don't create full-size backups claiming they’re bigger and require compression.
On the other hand, a portable file is a smaller copy of your account. Its smaller size gives it the name “portable” and only has essential data of the account. It omits transaction logos and the remaining financial data.
What makes portable files smaller is that they don't have images or logos, making it easier to send them through email or transfer. Remember, portable company files are only important when you're going to email or transfer them and act as a substitute for backups.
Use the following steps to open a portable version of your company's portable file:
When you open the portable company file, Quickbooks reindex your data automatically, helping with various data issues.
Since company portable files are important but lack full backup, it's best to know how to restore them in Quickbooks. Remember, you can do this with the help of a CD, USB flash, or network folder.
But if you've backed up the data online through Quickbooks, restoring it through the same means is advisable. You can use the following steps to achieve this:
It's also advisable to know how to send a portable Quickbooks file to your accountant to ensure your financial records are in order. You can send the backup copy or Quickbooks portable file through email. To send the Quickbooks portable file, do the following:
Using the right software applications is the best way to make your work easy and embrace digitalization. Introduce Quickbooks portable file, store your accounting data safely, and share it easily.
You have to know how to create a portable file on a Quickbooks desktop and the tricks to restore it. Learning how to send QBM file Quickbooks and back up your financial data on the right devices is also essential if you want to avoid frustrations.
Also, introduce other software like Qbox to enable your Quickbooks portable file to work well. Contact us and get the right tool to make your accounting work much easier.