Conversion Date Mid-Month
When posting conversion balances, you have to post balances at the end of the month. If you could select a day, i.e. 5th of April, it would make posting conversion balances a lot easier
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Philippa Marston commented
If and when I transfer all the accounts i look after over to Xero i have the majority as 5th April year ends. I do not appreciate being asked to enter data that does not tie up with previous years accounts.
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Philip Baguley commented
When changing from sole trader to a company business structure. I wanted to enter the conversion balance for a credit card. However, Xero only allows the balance to entered at the end of month, e.g.. 30-Sep-22. It seems.I cannot use the actual statement data which is 04-Oct-22, for a "clean" change over. Pointless inflexibility that creates more work.
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Penelope Trotman commented
to be able to use 5th april as conversion date