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Enter starting conversion balances in Xero

Learn how to enter conversion balances, sometimes referred to as opening balances.

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Financial Alliance Australia Pty. Ltd. (11 164 649 352) trading as Prosperus Advice is an authorised representative of Pertinax LRC Pty Ltd ABN 30 643 740 505, Australian Financial Services Licence No. 526129. This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.

Please note that your adviser is a qualified tax relevant provider. We may discuss tax implications of certain financial products, and benefit payments where the advice is: provided in the context of the personal advice given to you; and, part of the financial advice which interprets and applies the tax laws (including tax, superannuation and SMSF laws) to your personal circumstances. If you require advice in relation to liabilities, obligations or claiming entitlements under a taxation law, you should seek advice from a registered tax agent. You should consult an appropriate taxation adviser for tax issues outside of Australia.