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I am a sole trader consultancy, operating out of Australia.
I have been operating on MYOB since time dot, and wish to covert to Xero at at 1/1/11. MYOB is upto date as at 31/12/10. Sales invoices for 2011 are in MYOB, no expenses are. I am now seeking a smooth transition over to Xero from 1/1/11 onwards.
I have 3 bank accounts. One main one, with about 30 transactions per month. 1 deposit account, with about 2 transactions per month, and a visa debit account with about 5 transactions per month. I have an Amex card which has about 20 transactions per month. All of these can be uploaded to Xero as I either have the data stored or otherwise have access to the data via a link to the bank or Amex.
On occasions I have some business expenses that run across my personal accounts, these are manually added to the monthly result in MYOB and would also need to be in Xero.
1) extract chart of acc...
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