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Tall Trees Eco Store
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PrimeBookkeeping, post: 122143 wrote:
1. raise an invoice as of the original invoice date
2. create 3 lines on the invoice:

Line 1 – code the full GST-inclusive invoice amount to Trade Debtors with no tax code used
Line 2 – code the full GST-inclusive invoice amount to your GST account in the balance sheet, but select the GST tax type
Line 3 – code the full GST-inclusive invoice amount as a negative amount to this same GST account, but this time select no GST type

I get where you’re going with this. I definitely will be able to work through what you have written here. I’ve just finished recon the bank account etc and brought the balances up to date so I’m about ready to import/export into Xero. I’ll be tackling it all tomorrow and I’m hoping for a easy transition as Wendy just said. I’ll definitely be triple checking the GST component of it.

Thanks! :)