How will my financials change if I change from a C corp to an S corp?
How will my financials change if I change from a C corp to an S corp?
Your financials will not change. You must create a new company and use import/export to transfer data. For a fee, we provide a service that does this. If your interested in the details please send me an email to kimclement @sbcglobal.net
Hi Diane,
I just moved from an S-Corp to a Corporation. I made several General Ledger Journal entries. I would assume that is all you need to do as well. I did not rebuild my company in Sage 50.
I did reach out to the Secretary of States office in my state and reported the change. I also changed how I was making estimated tax payments.
Kind regards,
Shirley
*Community Hub is the new name for Sage City