Conversion Balances

Business, Legal & 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 05, 2020 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 05, 2020).
American Psychological Association (APA):
Conversion Balances. PayrollHeaven.com. Retrieved July 05, 2020, 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 | 16 Views.