What are conversion balances?
- Conversion balances form the opening balances of your accounts in Xero.
- You can enter your conversion balances at any time, but your reporting and bank balances won't be accurate until you have entered them.
- You can enter your balances one by one, or import them in bulk.
- If you need to change conversion balances, you can enter the correct balances and then re-save.
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