Converting to Xero from MYOB In A Day For Dummies [NOOK Book]

Overview

Migrating from MYOB to Xero is an opportunity to examine what information you really, really want from your accounting system, and also a chance to customise the data (and Xero) to suit those needs. This In A Day book is focused on exporting data from the MYOB file you?ve been using, preparing that data so it imports into Xero easily, and then importing the data into Xero.

In no time you?ll be in the cloud with activated bank feeds. You?ll be reconciling data on your mobile ...

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Converting to Xero from MYOB In A Day For Dummies

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Overview

Migrating from MYOB to Xero is an opportunity to examine what information you really, really want from your accounting system, and also a chance to customise the data (and Xero) to suit those needs. This In A Day book is focused on exporting data from the MYOB file you’ve been using, preparing that data so it imports into Xero easily, and then importing the data into Xero.

In no time you’ll be in the cloud with activated bank feeds. You’ll be reconciling data on your mobile phone, enabling your accountant to simultaneously access data, strategically managing your business and meeting your tax obligations. 

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Product Details

  • ISBN-13: 9781118572481
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 7/16/2013
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 72
  • Sales rank: 1,379,963
  • File size: 3 MB

Table of Contents

Introduction 1

What You Can Do In A Day 1

Foolish Assumptions 1

Icons Used in This Book 2

Chapter 1: Preparing to Convert to Xero from MYOB  3

Getting Ready to Convert from MYOB 3

Preparing File Directories and Templates  6

Setting up file directories 6

Downloading Xero templates 7

Exporting Data 8

Chart of accounts 9

Contacts 10

Inventory 12

Sales 14

Bills 17

Bank transactions 19

Manual journals 22

Fixed assets 22

Chapter 2: Getting Ready to Import  23

Converting Exported CSV Files into Excel 23

Understanding the CSV file format 24

Using the Excel Import Wizard to convert text files to CSV files 24

Getting Your Data Ready in Excel 27

Mapping Tax Rates 29

Preparing MYOB Data for Import 29

Chart of accounts 29

Contacts 30

Inventory 34

Sales 36

Bills 38

Bank transactions 40

Manual journals 41

Fixed assets 43

Chapter 3: Importing Data into Xero  45

Importing Data into Xero 45

Chart of accounts 45

Contacts 48

Inventory items 48

Sales 49

Bills 50

Bank transactions 52

Manual journals 53

Fixed assets 54

Unpresented payments or uncleared funds 55

Putting Your Accounts into Practice 57

Checking your conversion balances 57

Entering historical invoices, bills and credit notes 59

Turning Off Your Old System 60

Accessing historical data 61

Moving to the new system 61

Confirming the switchover date 62

Chapter 4: Where to Go from Here  63

Finding Out How to Use Xero 63

Say ‘Hello’ to the Xero Community 64

Visit dummies.com 64

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