When we switched our company from Sage to Xero, I took the opportunity to have a bit of a clear out and so only used opening balances.
In the old system there was a lot of unneeded stuff (suppliers and customers no longer in use, etc) so it was nice to start from scratch - it was a little bit of extra work for the first couple of months while we repopulated the contacts (we didn't add anyone until we had an invoice), but worth it in my opinion.
We then kept sage around to refer back to if needed, but in the end that wasn't really necessary except for the odd occasion.
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