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. September 17, 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: September 17, 2019).
American Psychological Association (APA):
Conversion Balances. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/conversion-balances/

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