When converting a company file from Xero to QuickBooks Online, the first thing to decide is whether the historical transactions will be part of the new file and if so, how far back to go with them. It is certainly convenient to have historical transactions in the file in case a question comes up, rather than having to search an archived record, scanned documents, or worse, paper records. However, including them also increases the cost and effort required to achieve the conversion. How much additional work and cost depends on many factors like the number and variety of transactions, the number of accounts with cash transactions, tracking of inventory and payroll.
Unless the conversion is being done at the beginning of the fiscal year, there will undoubtedly be some transactions to convert from the Xero file to QBO (Quick Books Online). Before converting, save a copy of the balance sheet and income statement reports for all dates, using both cash and accrual methods and also the detailed Accounts Receivable and Accounts Payable reports. These will be used to verify the conversion after completion. Also, it is a good idea to lock the Xero file for dates before the conversion date so that no one makes changes after you begin.
Because of the intricacies involved in exporting files from Xero to QuickBooks, professional conversion services such as E-Tech are a viable solution. E-Tech offers an industry-standard Xero to QuickBooks Premier, Pro, Accountant, Enterprise, or QuickBooks Online conversion. All versions of Xero can be migrated to QuickBooks or QuickBooks Online with 100% accuracy. The conversion will guarantee the Trial Balance, Profit and Loss, and Balance sheets in QuickBooks will exactly match your Xero data. All other financial reports including Aging A/R, Aging A/P will match as well. This is a full conversion of all lists and all historical transactions.
The following is a list of what is converted:
Chart of Accounts
Item Sales Tax
Paychecks (as Journal Entries)
Payroll Liability Checks
Sales Tax Payments
What is not converted?
The following data types are not converted:
Bill line item details
Non-posting transactions such as Estimates, Sales Orders and Purchase Orders are not converted
Payroll Summary Data
Multi-Currency data is not converted
Customer and Vendor Credits are not applied to open transactions
Visit: https://e-tech.ca/Xero-to-Quickbooks.aspx for more information.