First of all, people get the "software year" and the "year of data they've entered" mixed up. You might have only entered in data for 2011, but you are using Peachtree 2012 (the software). The Peachtree 2012 is what the person doing the conversion cares about, not your tardiness.
Peachtree 2012: If you've got your data in Peachtree 2012 software, then you'll have to send it into Intuit for conversion. You can pay or hire a Certified Pro Advisor to use his/her credit. You must convert to a QB 2012 product, (albeit Pro, Premier, or Enterprise.)
Your New Converted QB 2012 Database: I'm very disappointing in Intuit because QB 2012 has been out for over 7 months, and your new data file will only have closing balances--one closing balance for each account---and no transactions. I don't even consider that a data conversion; more like a list conversion. Please complain to Intuit. They're a giant software company; they can certainly make their conversion software work properly as a way to earn your business. It seems as if it would be money better spent than on another TV ad.
Peachtree 2011 or earlier: You must convert to a QB Software Product that's the same year or more recent than the Peachtree version you're in. For example, if you're in Peachtree 2011, you can convert to QB 2011 or QB 2012. Intuit offers downloadable software to make the conversion work. Here is the link: Download the Free QB Peachtree Conversion Software. You have to have the Peachtree software, QB Software, and special conversion software program all on the same computer! Theoretically the transactions will convert. I did this awhile back and the data converted just fine, but it was badly formatted for QuickBooks, It required so much clean-up that my favorite way to do this would be to do the conversion for historical reasons. Get your Peactree data into QB, and then create a new QB data file with all the lists to start the year fresh. What do you think?
This xls to qbo converter should also be useful, for converting older files: http://xls2qbo.com/
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