Manually Convert to Xero from Another Accounting System
Overview
This guide outlines the steps for manually transferring your data from a previous accounting system into Xero.
Before You Begin
These instructions are for manual data import. If you prefer an automated conversion, you can find a certified conversion partner in the Xero App Store.
To get started:
- Set up your organisation in Xero (if you haven’t already).
- Add your business bank and credit card accounts to Xero.
Set Your Conversion Date
Your conversion date is the day you begin recording financial transactions in Xero. This should be the first day of a calendar month and doesn’t need to match the date you signed up for Xero.
Review Closing Balances from Your Previous System
Your conversion balances in Xero are based on the closing balances from your previous system, dated the day before your conversion date. Run a trial balance report in your previous system for the day before your conversion date to view all account balances.
Enter Your Conversion Balances into Xero
Use the figures from your trial balance to input your opening (conversion) balances into Xero. Be sure to include the opening balances for any bank accounts you’ve already set up in Xero.
Import Data from Your Previous System
You can bring additional data into Xero using import templates. This includes your chart of accounts, contacts, outstanding customer invoices, supplier bills, and fixed assets.
Need Help?
You can invite your accountant or bookkeeper to collaborate in Xero. If you don’t have one, feel free to contact WLP today for professional assistance.