Please take a moment to read the important information below. Here is what to Expect in your Converted Xero file.
Credit Note not allocated, This does not affect your reports but does mean that
invoices will show as awaiting payment when, in fact, they have been cleared with a credit note. You will probably want to tidy these up post-conversion.
Transfer and deposit entry passed as Spend/ receive money through temp Clearing Account.
Bank Manual Journals shall be passed as Spend/Receive money entries AR/AP journal entries shall be treated as INV or Bills.
Transactions with custom VAT rates will be converted with a standard rate of VAT and then adjusting lines included to correct the VAT amount.
If you have multiple Accounts Receivable or Accounts Payable accounts in your
QuickBooks desktop chart of accounts then these will be merged into one single
Accounts Receivable and Accounts Payable account in Xero.
Some transactions can be entered without contact details that are required for the same transaction in Xero. In these instances we create and use a “No name" contact in Xero.
In Chart Of Accounts , Standard exempted Tax will be put, after the conversion is
over, one should amend them if needed before working in your new Xero company.