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• # 118662
• Sun 03 May 2020 03:00 PM

My client has a business which is Vat registered. The year end is 31st December 2019.

We are now moving to Xero as from the 1st of May 2020. I have been given a Trial Balance as at 30th April 2020 which is the Vat Qtr.

If I put the Conversion Date as May 2020 and post the TB under the Conversion Balance, I am trying to work out 

whether I will get a set of accounts for the year end 31st December 2020.

What is the best way to deal with this?

• Zaheda Jugoo

  www.easyfiguresbookkeeping.co.uk

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• # 118664
• Mon 04 May 2020 08:47 AM

Hello Zaheda,

Are you not using 'Move my Books' to get everything moved into Xero?

The conversion date should be the end of April.  This will then match up with the old bookkeeping system.

Hope this is of help.

Regards

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• # 118666
• Mon 04 May 2020 04:43 PM

I am not using move my Books.

Thank you.

• Zaheda Jugoo

  www.easyfiguresbookkeeping.co.uk

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• # 118669
• Thu 07 May 2020 08:12 AM

Hi Zaheda,

Firstly as Adam says, look into Move My Books. Also the conversion balance needs to be end of April not beginning of May. 

It also depends if the Trial balance includes all the profit & loss categories or just the balance sheet ones? If it includes P&L categories, then you should have everything you need for the year. 

Kind regards,

Lara
 

• LJM Bookkeeping - lara@ljmbookkeeping.co.uk

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