I have hit what I think is an issue with the above. You can select any date of the year as a year end date but only a month end date as a conversion date.I have a client with several retail shops so takes his accounts up to the nearest Saturday to his accounting reference date.So in 2011 his year end was 29th October. We have put him on Xero as that but can only enter conversion balances at 31st Oct so have a potential problem with transactions on 30th and 31st Oct which will have to be treated…See More

Accountants working with small business owners