Define: Conversion Balances

UK Accounting Glossary

Definition: Conversion Balances


Quick Summary of Conversion Balances


This refers to transferring bookkeeping records between accounting software programs. It involves taking closing balances from the previous software and entering it into the new software as opening balances.



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https://payrollheaven.com/define/conversion-balances/
Modern Language Association (MLA):
Conversion Balances. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 16, 2019 https://payrollheaven.com/define/conversion-balances/.
Chicago Manual of Style (CMS):
Conversion Balances. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/conversion-balances/ (accessed: July 16, 2019).
American Psychological Association (APA):
Conversion Balances. PayrollHeaven.com. Retrieved July 16, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/conversion-balances/

Definition Sources


Definitions for Conversion Balances are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th December 2018.