It is very easy to enter conversion balances in Xero. Here’s a quick tutorial on how to do it:
- On Xero's main dashboard, navigate to the top menu bar and click 'Accounting'.
- Select 'Advanced' from the list of options.
- After that, find and tap 'Conversion Balances'.
- Click 'Show All Accounts' to proceed further.
- Subsequently, find the account with the existing conversion balance you wish to add and then enter the amount under the Debit or Credit field.
- Repeat the same series of steps until all accounts with conversion balances are edited accordingly.
- Once done, review your input and click 'Save'.
- After completing these steps, the conversion balances will be entered accordingly.
