How Data Converts
Multi-Currency
We cannot convert files with multi-currency transactions. If multi-currency has not been used, there is a possibility that you may be able to turn it off or you can convert the transactions to the native currency. Multi-Currency in MYOB If ...
Comparing Data - Cash V's Accrual
Differences in Reporting - Cash vs Accrual You may find that if you run a Trial balance and Profit and Loss Report comparison using an Accrual basis that Xero matches with your source data. However, if you compare the reports on a Cash Basis you may ...
$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 ...
Conversion Clearing Accounts
To bring some of the information from the source file to Xero we have to use clearing accounts during the conversion. For MYOB files these accounts are called: Conversion Clearing Account (199) and Conversion Clearing Bank Account (198) GST Clearing ...
Customer Job tracking
Reckon & QuickBooks Desktop sometimes lists Customers as "Customer Jobs". They can be listed in two ways: Header Customer - This will count as a job and will also convert as Tracking and a Contact in Xero. Sub Customer - In the list of customers if ...
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. ...
Bank Versus Asset/Liability Accounts
In Xero if you would like to be able to reconcile an account it needs to be a bank account, you don’t have to have linked bank feeds if not required. As such it is an operational decision whether it is a bank account or an asset/liability account. It ...
Chart of Accounts
Chart of Accounts All accounts including bank accounts come across in the conversion regardless of their status. This is because there may be transactions associated with these accounts. If you have accounts that you do not want to use you can ...
Contacts
Contacts Contact details with addresses sorted into Postal and Street in Xero. We check every phone number and make sure the mobile number ends up in the mobile field. We also check each address for variations of PO Box and automatically move it into ...
Transactional History
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. ...
Inventory Items
All items are created in Xero with their item codes, descriptions and purchase and sales details. What we Convert Item number and item name Base Sales Price Standard cost COGS and Inventory $ COGs and Inventory Accounts Item Description: Note: there ...
Invoice, Payslip & Other Templates
Templates are NOT brought across to Xero for the following reasons: Templates are not contained in the accounting file itself Other products are inconsistent in how they treat templates so we can’t bring them across. Payslip Template You will need to ...
Other Considerations
Account numbers The hyphen is removed from the number as part of the process, for example 4-1000 in MYOB becomes 41000 in Xero or 4.100 in Reckon comes across at 4100. Note Xero has a limit of 10 numbers, so if the source is longer it maybe truncated ...
Jobs / Classes / Categories
Do Jobs / Classes / Categories Convert? Yes, Jobs, Classes and Categories come across in all conversions if there are less than 100. You can receive up to 500 Jobs / Classes / Categories under the Accelerate premium package. If there are more than ...
Payroll
Please note payroll is currently only available for Australian conversions. Furthermore, payroll for MYOB Essentials & QBO Australia is not brought in as a bill, it is brought in as a manual journal. Payslips will not be converted to Xero During the ...
Transaction types that may lead to issues
We always try to deliver the conversion with full transactional history. On occasions, if the following transaction types occur extensively we may only be able to provide a service with no or reduced history. In some instances it may prevent us from ...
Recurring / Repeating Invoices
Jet Convert does not convert recurring Invoices, bills, scheduled payments and recurring manual journals. Presently the API for pushing this data into Xero is not available. We can get the information, but not post it into Xero. Therefore these ...
Tracked Inventory after conversion
Our conversion brings across the accounting data associated with Inventory and not stock management data. Please see here for How inventory data is converted. About Tracked Inventory Inventory items are converted as 'Un-tracked Items' this allows ...
Why are not all suppliers/customers imported?
The answer is they are there its just that Xero needs a transaction to classify them. Xero automatically assigns contacts as suppliers and customers as soon as a bill or invoice are raised against them. If you look at the Contacts and think that ...