How to Edit the Conversion Balance in Xero

Quick summary

This tutorial shows how to edit conversion balances in Xero by navigating through the Accounting menu to the Advanced settings. Conversion balances are opening figures entered when you first set up Xero, and updating them ensures your financial records stay accurate.

Steps

1. On Xero's main dashboard, go to the top menu bar and click Accounting.
2. Select Advanced from the dropdown list of options.
3. Click Conversion Balances to open the conversion balance editor.
4. Tap the balance line you wish to edit, then replace the existing figure with your new value.
5. Click Save to apply and confirm your conversion balance adjustments.