Conversion Balances

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Definition: Conversion Balances

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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Conversion Balances. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/conversion-balances/.
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Conversion Balances. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/conversion-balances/ (accessed: April 20, 2024).
American Psychological Association (APA):
Conversion Balances. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/conversion-balances/

Definition Sources

Definitions for Conversion Balances are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th August, 2019 | 0 Views.