When to convert versus using The Fresh Start method
In the last chapter, we detailed The FS method, which means taking the balance at a point in time, dropping all the earlier balances, and moving forward with your accounting. Well, you may need more – you may need access to your transaction detail for one reason or another, maybe for warranty purposes, or you have a long return time allowed in your return policy, and so on. In that case, having the transactions in Xero would be of more benefit than having two systems to operate. You may want to have the details in Xero for comparison purposes or to have that information handy. In any of those cases, you will be covered. There are many ways to convert your data. We are going to cover the Xero-supported method, the automated conversion, here. The longer manual conversion is an advanced topic and is not covered in this book.
Next, we will begin the automated conversion process.
