Post Conversion Information
Saving time with batch deposits and payments
In Xero you can use batch deposits and payments to work more efficiently and reduce manual processing. Batch deposits allow you to receive payments for multiple invoices at once. This is useful for depositing cash and cheques. Batch payments are a ...
Account Types In Xero
Should my business bank-loan be set up as a liability account or as a credit card/bank account? How can I change a liability or asset account to a bank account? To use Xero in the most efficient way, you need to decide what your operational needs ...
Reviewing Payroll data in Xero
Xero payroll is a powerful tool to minimise the time it takes to manage payments to your team as well as superannuation. To get the most out of Xero, it needs to be correctly set up. When Jet Converts clients from a different accounting system, we ...
BAS Reconciliation Checklist for Xero
BAS Reconciliation Checklist for Xero Have you recently moved across to Xero and still figuring out how to navigate the software? Wish you had a guide for processing your Business Activity Statement efficiently? We have been working with Xero for ...
Creating a Payrun in Xero
Creating a Payrun in Xero Here are the four easy steps steps for creating a pay run in Xero. Prepare employee data Information about your employees and payroll history is in your payroll tab. If this is your first payrun in Xero we recommend that you ...
STP Finalisation Post Conversion
End of year finalisation is typically required to be completed prior to 14 July each year. For more information please refer to the Australia Taxation Office. To identify the best process for your business, please review the scenarios below and ...
GST Reconciliation Post Conversion
Publish your BAS for the period before your conversion date Run and publish the older BAS, or finalise the new Activity Statement for all periods prior to your conversion date that contain transactions with GST. You’ll need to do this in Xero so your ...
Troubleshooting: How To Check Source to Xero Post Conversion
Recommendation Source to Xero Review: We suggest that the report comparisons be completed prior to commencing work in Xero. MYOB Desktop MYOB Desktop Xero Comments Trial Balance Reports > Index to reports > Accounts > Trial Balance> Run YTD and in ...
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 ...
Running Payroll Reports Post Conversion
When setting up payroll in Xero, most employees will have opening balances so that payment summaries can be created out of Xero easily. The downside is that the reporting for the first quarter/ month after conversion does not easily give the correct ...
Updating the Chart of Accounts in Xero
The Chart of Account information can be updated post-conversion. The most efficient way to update this information is in bulk. This includes exporting the chart of accounts from Xero, updating the details and re-importing this information back into ...
How to Deal With Single Touch Payroll Post Conversion
Please see here for how payroll information is converted - this applies to Australian conversions only. Moving from an STP solution Xero's recommendation in relation to converting software mid year for STP purposes is to convert the YTD opening ...
Using Xero
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 ...
Bank Feeds
Bank Account Mapping - Bank Account / Credit Card / Paypal / Asset / Liability Any account you want to reconcile in Xero, or receive bank feeds for need to be selected as a bank, credit card or PayPal. Each bank requires the accounts to be set up in ...
How do I delete accounts in Xero that I don't need?
Xero allows you to both delete and archive accounts in the "Chart Of Accounts". We find that it is better to archive accounts instead of deleting them since this function allows you to restore the account if ever needed in the future. We recommend ...
How do I prevent someone from making changes to my file?
How do I prevent someone from making changes to my file? Table of contents After conversion, you will find that a "Period Lock Date" and an "End Of Year Lock Date" are set to the conversion date (start of the financial year). This is to avoid anyone ...
Xero add-ons
Can you advise on Xero add-ons We are not experts on Xero add-ons, and for this reason it is best you speak. To get more information about add-ons you can: Read about them on the Xero website Use the services of a cloud integrator
Changing Accounting Basis in Xero Post Conversion
Changing Accounting Basis in Xero Post Conversion Table of contents Warning: We recommend that you do not use the file until it has been corrected. Unless you understand the full accounting implication of the above steps there is a very high chance ...