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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. - FAQ
- 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 Sage One)
- Credit Card and PayPal Accounts (converted as Xero Bank Accounts)
- All Invoices and Credit Notes Detailed
- All Bills and Credit Notes Detailed
- *Quick entries imported as Invoices or Bills *
- All Manual Journals
- Inactive Contacts/Accounts can be brought over on special request
- 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 Sage One data, however, due to the limitations of few fields which are different in Sage One and Xero, we might have to use some workarounds to bring the transactions.
- Budgets
- *Invoice / Bills Description ( Please contact us on this one for further info)*
- *Item (** Please contact us on this one for further info)*
- *Classes (** Please contact us on this one for further info)*
- Track Inventory
- Fixed Asset
- Expense Claims
- Payment Terms
- *Notes*
- Custom VAT Rates
- Invoice Templates
- *Due Dates **(** Please contact us on this one for further info)*
- 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
- 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
- Chart of Accounts - Sub Accounts in Sage One are converted as Independent Accounts in Xero
- Chart of Accounts - Inactive Accounts, if used in Sage One 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 Sage One are merged in single Account Receivable in Xero
- Multiple Accounts Payables in Sage One are merged in single Account Payable in Xero
- Multiple VAT Accounts in Sage One 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 Sage One
- Transactions without any contact / payee name in Sage One 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 Sage One
- In Multi-Currency files, while feeding the opening balances on conversion date, Xero would use 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 Sage One 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 Transactions (brought over in same currency as they were fed in Sage One, same exchange rate as it was fed in Sage One)
- Total Accounts Receivable in Xero shall not exactly match the total of individual Accounts Receivable in Sage One 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 Sage One 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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Read All...How It Works We Convert your data file with few simple steps.
- Step1Load File
- Step2Select Service & Provide Details
- Step3Make Payment
- Approve QuotationStep4Leave file with MMC
- Step5Receive Subscription Transfer
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