MMC-Convert
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    We can migrate any number of historical years, both single and multi currency entities, customized Chart of Accounts.
    This is a full transactional conversion wherein we bring Chart of Accounts, Contact Master, Item Master, Opening Trial Balance, Invoices, Bills, Bank Transactions and Manual Journals.
    • Xero

      Xero

      Convert historical data from almost any accounting software to Xero

      List of Software which we can migrate to Xero

      Country Name   (To change the region, please select region from top right section region drop down)
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    • QuickBooks Online

      QuickBooks Online

      Convert historical data from almost any accounting software to QuickBooks Online

    • MYOB_Logo

      MYOB Business

      Convert historical data from almost any accounting software to MYOB Business

    • MYOB_connect_ledger

      Reckon

      Convert historical data from almost any accounting software to Reckon

    • FreshBooks

      FreshBooks

      Convert historical data from almost any accounting software to FreshBooks

    • FreeAgent

      FreeAgent

      Convert historical data from almost any accounting software to FreeAgent

    • ClearBooks

      ClearBooks

      Convert historical data from almost any accounting software to ClearBooks

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FAQ - MoneyWorks to Xero Conversion

Home FAQ-MoneyWorks to xero
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Transitioning your financial management from MoneyWorks to Xero might seem complicated. With MMC Convert, this process is straightforward, ensuring accurate and seamless data migration.

Why switch from MoneyWorks to Xero with MMC Convert?

If your organization is moving its financial operations from MoneyWorks to Xero, a well-executed data migration is essential to maintain the integrity of your valuable financial information. MMC Convert specializes in such transitions.

What data types can MMC Convert process?

MMC Convert can handle various data types during the transition from MoneyWorks to Xero, including the chart of accounts, customer details, supplier information, and general ledger transactions.

How secure is my data with MMC Convert?

MMC Convert prioritizes data security, employing industry-standard encryption protocols during data migration. Your data is securely stored using AWS S3 Bucket specific to your region.

Does MMC Convert support all versions of MoneyWorks and Xero?

While MMC Convert can work with many versions of MoneyWorks and Xero, we advise verifying the compatibility of your specific versions before starting the conversion process.

Are there limitations during the conversion process with MMC Convert?

Depending on the complexity of your MoneyWorks setup or specific Xero configuration requirements, there might be some limitations. For a detailed understanding, refer to our 'What we convert', 'What we don’t convert', and 'Any workarounds used' sections.

Can I customize my converted data in Xero?

Absolutely! Post-conversion, you can adjust and align the data within Xero to suit your business operations.

What support options does MMC Convert provide?

Our robust customer support is available to assist you throughout the conversion process. You can reach out to us via email or our online support portal.

How To Convert from MoneyWorks To Xero?

Converting from MoneyWorks to Xero using MMC Convert involves a few simple steps:

  • Select 'Convert Now' on the Home Screen.
  • Choose 'Convert from MoneyWorks'.
  • Upload your MoneyWorks backup file.
  • Choose your conversion type and any additional years.
  • Select any add-ons if required.
  • Confirm the order and make payment.
  • Wait for the conversion process to complete*.
  • MMC will subscribe to a Xero trial account and perform the migration.


On completion of the conversion, you will receive a Comparative Trial Balance for each financial year end along with a Trial Balance as of date as part of the Quality Analysis Report. MMC will transfer the Xero subscription to your email upon completion of the conversion.

Our conversion service is designed to eliminate complexities from your migration journey. We handle the entire conversion process, letting you focus on your business. Enjoy a smooth transition from MoneyWorks to Xero with our expert assistance.

What we Convert

  • Chart of Accounts (We do custom mapping as well)
  • Customer Details
  • Supplier Details
  • Opening Account Balances
  • Aged Receivables
  • Aged Payables
  • Bank Transactions (Includes Invoice payments, Bill payments and other Bank Transactions) (All Bank Transactions reconciled as it was done in MoneyWorks)
  • Credit Card and PayPal Accounts (converted as Xero Bank Accounts)
  • Classes (comes as "Tracking Category" in Xero)
  • Items (comes as "Inventory" in Xero)
  • All Invoices and Credit Notes Detailed
  • All Bills and Credit Notes Detailed
  • All Manual Journals
  • The entire conversion and matching of Reports are done on ACCRUAL Basis.
  • We make our best attempt to give you the exact image of your MoneyWorks data, however, due to the limitations of few fields which are different in MoneyWorks and Xero, we might have to use some workarounds to bring the transactions.

What We Dont Convert

  • Budgets
  • Track Inventory
  • Fixed Asset
  • Expense Claims
  • Memorised Transactions
  • Payment Terms
  • Custom VAT Rates
  • Invoice Templates
  • Time Sheets
  • Repeating Invoices after the "Convert To" date
  • Deleted/Void Transactions
  • Allocation of Invoices or Bills against credit notes
  • Transaction lines with Nil Values
  • Individual Pay Runs for the conversion period
  • Sales Rep
  • Customer Jobs
  • Attachments
  • Unreconciled entries
  • We are specialist in converting core financial information and we try our best to bring the other non-financial information as well, however, because of the limitation of APIs of both software’s, we might not be able to get few fields.

Workarounds

  • Chart of Accounts - Sub Accounts in MoneyWorks are converted as Independent Accounts in Xero
  • Chart of Accounts - Inactive Accounts, if used in MoneyWorks in the conversion period are turned as Active Accounts in Xero
  • Open Receivable and Payable Invoices shall contain only single line showing the unpaid balance of Invoice in Xero
  • Multiple Accounts Receivables in MoneyWorks are merged in single Account Receivable in Xero
  • Multiple Accounts Payables in MoneyWorks are merged in single Account Payable in Xero
  • Multiple VAT Accounts in MoneyWorks are merged in single VAT Account in Xero
  • Custom Sales Tax Rates are converted into standard Sales Tax Rate with "Tax Adjustment" entry as separate line item in Xero
  • Inter Bank Transfers may be converted through a Clearing Account in Xero
  • Clearing Account is used in Xero for transactions where Accounts Receivable, Accounts Payable are passed as Journal Entry in MoneyWorks. Transactions without any contact/payee name in MoneyWorks would be transferred as "No Name" contact in Xero
  • System Accounts like Retained Earnings, Sales Tax Account, Realised Currency Gains are used in Xero for their counterpart accounts in MoneyWorks.
  • In multi-currency files, while feeding the opening balances on the conversion date, Xero would use the same exchange rate for the conversion date for all the multi-currency accounts. This might cause a difference in debit and credit side of trial balance, and produce a FX variance, which is brought over in Xero system account called 'Historical Adjustment"
  • Rounding can be different in Xero and MoneyWorks because of the data precision techniques used in both software’s.
  • Blank Bill reference Numbers and Invoice reference Numbers:- In case we find any invoice or bill without a number, we use a dummy number example for Bills:- Bill1, Bill2 and for Invoices - Inv1, Inv2.
  • Duplicate reference Number in bank transactions or invoices/bills:- In case we find duplicate reference numbers then we use transaction numbers instead of reference numbers or make the numbers unique by appending an extra character with a hyphen
  • Limitation of Item number:- Xero have limitations of 30 characters for Item number thus for the item numbers more than 30 characters we have to trim them to 30 characters.

Multi-Currency

  • Multi-Currency Transactions (brought over in the same currency as they were fed in MoneyWorks, same exchange rate as it was fed in MoneyWorks)
  • Total Accounts Receivable in Xero shall not exactly match the total of individual Accounts Receivable in MoneyWorks because of the different exchange rates being used by Xero for reporting purpose
  • Total Accounts Payable in Xero shall not exactly match the total of individual Accounts Payable in MoneyWorks because of the different exchange rates being used by Xero for reporting purpose
  • While feeding the opening balances on conversion date, Xero would use same/single exchange rate for the conversion date for all the multi-currency accounts. This might cause a difference in debit and credit side of trial balance, and produce a FX variance, which is brought over in Xero system account called 'Historical Adjustment"
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What makes us Special?

Historical Years of Conversion

We convert the full previous years to date. Get a complete mirror image of your financial data including previous years.

Payroll

All transactions and payroll are setup so you can pick up where you left off.

Timely Execution

We've done our best to make sure that we timely deliver converted data.

Constantly improving

We are always trying to improve the service we deliver to our customers.

Customized Conversions

Just ask and we deliver. Data conversion can be customized depending on your requirement.

Multi Currency

We bring over multi currency transactions in the same foreign currency at the same exchange rate as fed in the source software.

What Our Customers Say

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How It Works We Convert your data file with few simple steps.

  • Step
    1
    Load File
  • Step
    2
    Select Service & Provide Details
  • Step
    3
    Make Payment
  • Approve Quotation
    Step
    4
    Leave file with MMC
  • Step
    5
    Receive Subscription Transfer
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  • AUSTRALIA Level 1, 1034 Dandenong Rd Carnegie, VIC 3163, Australia
  • UK Babel Studios 82 Southwark, Bridge Road, London
  • Dubai PO Box 56754 Dubai, UAE
  • India 11/5, SOUTH TUKOGANI, Indore, India
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