Quick summary
The conversion date in Xero defines the point at which your opening balances begin, and updating it requires navigating to Accounting > Advanced > Conversion Balances. This step-by-step walkthrough shows exactly how to change the conversion date and save the update in Xero.
Steps
- On Xero's main dashboard, head over to the top menu bar and click 'Accounting'.
- Select 'Advanced' from the list of options.
- Find and tap 'Conversion Balances'.
- Click 'Conversion Date' to proceed.
- Specify the new month and year by tapping their respective drop-down menus and selecting from the available choices.
- Click 'Save' to apply the changes.
- The conversion date in your Xero account will now be updated accordingly.
