Conversion balances: invoices and bills

Enter the invoices, bills and any credit notes that were unpaid in your previous system as at your conversion date so you can save your conversion balances for Accounts Receivable and Accounts Payable.

After you've entered your Accounts Receivable and Accounts Payable balances, enter each:

  • Sales invoice or customer credit note with an outstanding balance as at your conversion date.
  • Bill or supplier credit note with an outstanding balance as at your conversion date.

Entering these invoices, bills and credit notes means you'll be able to match them to the payments in your bank account, or apply credit to invoices and bills. It will also help ensure your reporting is correct from day 1.

You can see the value and detail of any pre-conversion invoices and bills by running the Aged Receivables Summary report and the Aged Payables Summary report for the day before your conversion date.

If an invoice, bill or credit note is partly paid as at your conversion date, use the remaining balance as its total in Xero.