What is the outcome of the Financial Data question on the Onboarding From mean?
Migrating NetSuite Financials
When you select "Yes" to migrate your financial data from NetSuite to Xero, the following will be included.
What is migrated to Xero when your financial snapshot is taken?
- All trial balance figures
- All accounts receivable invoices that are open.
- All accounts payable bills that are open.
What is migrated into Xero as at 5pm the night before Go Live?
- Invoices created between your conversion date up to 5pm the night before your Go Live.
- Important notes:
- Sales orders are not migrated to Xero.
- Bills will not be migrated to Xero. Please refer to the Reconstruct Transactions in Xero article for guidance.
Not Migrating NetSuite Financials
When you select "No" to migrate your financial data from NetSuite to Xero, no financial information will be imported. This means you will start with what is in your existing Xero account, or you will start with a clean slate in Xero without any historical financial data or balances from NetSuite.