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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Conversion Balances. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 25, 2020 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: February 25, 2020).
American Psychological Association (APA):
Conversion Balances. PayrollHeaven.com. Retrieved February 25, 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)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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