Are you using MYOB and want to move to the cloud with Xero? There are a lot of factors to consider with converting from MYOB to Xero:
1. What date are you going to convert from? - you can't pick a random date, you have to think about BAS returns.
2.Do you want to keep your existing MYOB chart of accounts (account codes) or is this now the time to start fresh with how you have always wanted them to be?
3. Do you have unpaid creditor (accounts payable) invoices which were entered in MYOB? These need to be entered into Xero too so that they can be paid.
4. Do you have unpaid debtor (accounts receivable) invoices? These need to be entered into Xero as well.
5.Are all of your bank accounts reconciled? and can you start bank feeds from the same date as your conversion date?
These are only a few things that need to be considered, there are many more as well. As you can see you can end up spending a lot of time which is spent with any software converting from one to another. Just remember the long term benefits of switching to Xero will outweigh these short term costs.
To make sure that your Xero file is set up correctly e-accountant can do the work for you, for a flat fee have a look at our Xero Setup and Training Prices.
If you are using payroll in MYOB ask us to quote on converting your payroll over to Xero as well.
