It isn’t easy to change from one accounting system to another. However, sometimes it just has to be done. The newer small business accounting systems are more advanced and efficient than the old ones. Companies have to switch over in order to stay with the pack before they can lead it. That being said, performing MYOB to Xero conversions still isn’t easy. Thankfully, Jet Convert realises this and they devised a guide to make MYOB to Xero conversions easier. All you have to do is follow it to the letter and you will be on the fast-track to success.
The main task of MYOB to Xero conversions is the same as any accounting system conversion: the transfer of data. You are using a brand new accounting system after all, so you have to move everything over so that you can start over. That in itself can be quite a hassle, especially if you haven’t prepared the files beforehand. Indeed, you may not have even heard of some of the file types that are necessary to complete the objective. That is, if you are doing everything yourself. One of Jet Convert’s most important promises is handling the conversion process for you. They just need your MYOB Account Right file and they will do the rest. They use a conversion tool that reads the data directly from MYOB and converts it into Xero with more than one hundred rules. You don’t have to worry about loss of accuracy, either. They painstakingly monitor the entire process from start to finish.
MYOB to Xero conversions often require the transfer of your entire transaction history. This can be really difficult to handle, especially if you try to transfer everything at once. MYOB AccountRight promises that every financial year off history will be transferred over but you can never be too sure. Jet Convert can take the necessary files and convert them all for you, though. For example, invoices, quotes and orders are treated the same. This is because they mostly contain the same types of data: invoice dates, due dates, invoice numbers, and reference numbers. You would want everything to be transferred and converted so that there are no gaps or inaccuracies. This is vital because there are certain tax and legal consequences, should information become unreliable and faulty.
Bank statements are just as important. It is one thing to download individual bank statements from online banking services. You can do that one month at a time and be left with a collection of files. The hard part is trying to convert and transfer them over as part of the MYOB to Xero conversion process. Thankfully, MYOB has already done most of the work for you and Jet Convert will pick up what it misses. The bank transaction ddetails are transferred with reconciliation benefits. That way, all the information is left intact. The results are preserved in Xeron after the MYOB in Xero conversion process and the user can continue where they left off.