The way Xero and Your Existing Software reports foreign currency related accounts is slightly different, due to which the respective trial balance figures converted in the base currency will not exactly match. Your existing software shall report the foreign currency ledgers into base currency at the average exchange rate at which transactions were fed. However, Xero reports the ledger figure in trial balance on the basis of exchange rate automatically being taken from www.xe.com every time the report is being run. Due to this, you shall find few differences in trial balance which we provide you at the end of conversion, however the foreign figure in each of these accounts, and also the exchange rate in respective invoice/bill shall be exactly same as was fed into your existing software. This being a software feature, there is a difference in reporting format of foreign currency files in your existing software and Xero. Apart from foreign currency related accounts, all other accounts will exactly match in your existing software and Xero.
