Important to Convert Your QuickBooks to Xero
If you are currently using QuickBooks to Xero conversion accounting software program to manage your books, there are 3 key reasons why you should consider converting your existing data:
1. Prior Period Comparison
Xero allows you to convert data for the last two fiscal years. This will give you the ability to run comparison financial reports such as income statement, balance sheet and cash flow statements. Having the ability to compare the current year to previous years can help you to identify trends in income and expenses and other key areas that impact the bottom line. Note: If you want to convert more than two years worth of data, there are a few Xero partners that will do it for a cost. You can learn more here.
2. Faster than Starting from Scratch
By converting your existing data, Xero will transfer all of your information such as customers, suppliers, invoices and bills. This can save you a lot of time that you would have normally spent setting up your business from scratch. Note: If you did not do a good job of managing your books in your old system and you would prefer a fresh start then you should not convert inaccurate data. As the old adage goes “Garbage in, garbage out”. Head over to our How to Set Up Xero course which includes 15 video tutorials that will walk you through step by step on how to set up your business from scratch.
3. It’s Free!
As a business owner, we know how tight cash flow can be. Xero will convert your QuickBooks file for absolutely free! To ensure a successful conversion, there are a few steps that you need to take to prepare your QuickBooks file for the conversion. We will cover these next.
Contact us here for Convert Your QuickBooks to Xero.
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