How to Add Conversion Balances in Xero
So you’ve decided you’re going to use Xero to record all of your business transactions. Adding conversion balances is an important part of getting started with Xero. However, if you’ve just started your business and you have not done any bookkeeping yet, you don’t need to worry about conversion balances. What are conversion balances? These are the balances on your trial balance at the date you convert from another accounting app or software program to Xero. It’s important that these are accurate so your books and records can continue on from where you left off. Entering Conversion Balances In order to [...]