$0 balance invoices/Differences in the GST Reconciliation Report
Invoices that have positive and negative lines that result in the balance of the invoice being $0.00 are captured differently among accounting systems.
These are sometimes used to Journal an amount from one account to another without creating a manual journal. They are also sometimes used to process a bill to pay for the Activity Statement.
In Xero however, $0.00 Invoices are considered to be paid and this is different to other accounting systems. It is not possible to get the transactions in
Xero to reflect the transactions in another accounting system.
in a discrepancy between the GST report from another accounting system to
Xero. Transactions that
are prior to the conversion date are unlikely to impact the Business Activity Statement. However,
they will be recognised on the GST reconciliation report in Xero. Transactions that occur after the conversion date will create a difference between the Business Activity Statement in another accounting system and Xero.
For additional information in regards to GST differences please see here.
GST System Differences
There are a number of differences in regards to GST handling that you need to be aware of when moving from one accounting package to another. These can impact you regardless of whether you are converting over yourself or using our conversion service. ...
System Differences - Creation of Trade Debtors/ Creditors Original Accounts
When converting information to Xero there are some system differences that need to be taken into consideration. For example, some accounting systems will allow you to create direct entries & manual journals to the Trade Debtor and Trade Creditor ...
When it comes to your service selection you will be given the choice of a service: With transactional history – useful for reporting or referring to past data in Xero, OR Limited History service – useful for a fresh start or really messy legacy data. ...
Post Conversion Queries
Amending Conversion Balances Please see here for more information on how to Amend Conversion Balances Figures in Conversion Clearing Account Please see here for more information regarding conversion clearing accounts. I Cannot View my Action ...
Paid Bill or Invoice Showing an Amount Due You may find that an invoice/bill is showing as unpaid even though there should be $0 amount due. All of your reports are displaying the correct balances but when you view this particular invoice/bill it ...