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We can migrate any number of historical years, both single and multi currency entities, customized Chart of Accounts.
This is a full transactional conversion wherein we bring Chart of Accounts, Contact Master, Item Master, Opening Trial Balance, Invoices, Bills, Bank Transactions and Manual Journals.
List of Software which we can migrate to Xero
AUSTRALIA (To change the region, please select region from top right section region drop down)
Convert from MYOB Convert from MYOB Essentials Convert from QuickBooks Online Convert from Reckon (Desktop) Convert from Cash Flow Convert from Sage One Convert from BankLink Convert from Reckon One (Online) Convert from Reckon Home & Business Convert from FreshBooks Convert from AccountAbility Convert from PS Cash Book Plus Convert from Exact Convert from Indinero Convert from Gnu Cash Convert from Xero Convert from Saasu Convert from Any Other Software
- FAQ
Transitioning your financial management from MoneyWorks to Xero might seem complicated. With MMC Convert, this process is straightforward, ensuring accurate and seamless data migration.
If your organization is moving its financial operations from MoneyWorks to Xero, a well-executed data migration is essential to maintain the integrity of your valuable financial information. MMC Convert specializes in such transitions.
MMC Convert can handle various data types during the transition from MoneyWorks to Xero, including the chart of accounts, customer details, supplier information, and general ledger transactions.
MMC Convert prioritizes data security, employing industry-standard encryption protocols during data migration. Your data is securely stored using AWS S3 Bucket specific to your region.
While MMC Convert can work with many versions of MoneyWorks and Xero, we advise verifying the compatibility of your specific versions before starting the conversion process.
Depending on the complexity of your MoneyWorks setup or specific Xero configuration requirements, there might be some limitations. For a detailed understanding, refer to our 'What we convert', 'What we don’t convert', and 'Any workarounds used' sections.
Absolutely! Post-conversion, you can adjust and align the data within Xero to suit your business operations.
Our robust customer support is available to assist you throughout the conversion process. You can reach out to us via email or our online support portal.
Converting from MoneyWorks to Xero using MMC Convert involves a few simple steps:
On completion of the conversion, you will receive a Comparative Trial Balance for each financial year end along with a Trial Balance as of date as part of the Quality Analysis Report. MMC will transfer the Xero subscription to your email upon completion of the conversion.
Our conversion service is designed to eliminate complexities from your migration journey. We handle the entire conversion process, letting you focus on your business. Enjoy a smooth transition from MoneyWorks to Xero with our expert assistance.
- Select 'Convert Now' on the Home Screen.
- Choose 'Convert from MoneyWorks'.
- Upload your MoneyWorks backup file.
- Choose your conversion type and any additional years.
- Select any add-ons if required.
- Confirm the order and make payment.
- Wait for the conversion process to complete*.
- MMC will subscribe to a Xero trial account and perform the migration.
On completion of the conversion, you will receive a Comparative Trial Balance for each financial year end along with a Trial Balance as of date as part of the Quality Analysis Report. MMC will transfer the Xero subscription to your email upon completion of the conversion.
Our conversion service is designed to eliminate complexities from your migration journey. We handle the entire conversion process, letting you focus on your business. Enjoy a smooth transition from MoneyWorks to Xero with our expert assistance.
- Chart of Accounts (We do custom mapping as well)
- Customer Details
- Supplier Details
- Opening Account Balances
- Aged Receivables
- Aged Payables
- Bank Transactions (Includes Invoice payments, Bill payments and other Bank Transactions) (All Bank Transactions reconciled as it was done in MoneyWorks)
- Credit Card and PayPal Accounts (converted as Xero Bank Accounts)
- Classes (comes as "Tracking Category" in Xero)
- Items (comes as "Inventory" in Xero)
- All Invoices and Credit Notes Detailed
- All Bills and Credit Notes Detailed
- All Manual Journals
- The entire conversion and matching of Reports are done on ACCRUAL Basis.
- We make our best attempt to give you the exact image of your MoneyWorks data, however, due to the limitations of few fields which are different in MoneyWorks and Xero, we might have to use some workarounds to bring the transactions.
- Budgets
- Track Inventory
- Fixed Asset
- Expense Claims
- Memorised Transactions
- Payment Terms
- Custom VAT Rates
- Invoice Templates
- Time Sheets
- Repeating Invoices after the "Convert To" date
- Deleted/Void Transactions
- Allocation of Invoices or Bills against credit notes
- Transaction lines with Nil Values
- Individual Pay Runs for the conversion period
- Sales Rep
- Customer Jobs
- Attachments
- Unreconciled entries
- We are specialist in converting core financial information and we try our best to bring the other non-financial information as well, however, because of the limitation of APIs of both software’s, we might not be able to get few fields.
- Chart of Accounts - Sub Accounts in MoneyWorks are converted as Independent Accounts in Xero
- Chart of Accounts - Inactive Accounts, if used in MoneyWorks in the conversion period are turned as Active Accounts in Xero
- Open Receivable and Payable Invoices shall contain only single line showing the unpaid balance of Invoice in Xero
- Multiple Accounts Receivables in MoneyWorks are merged in single Account Receivable in Xero
- Multiple Accounts Payables in MoneyWorks are merged in single Account Payable in Xero
- Multiple VAT Accounts in MoneyWorks are merged in single VAT Account in Xero
- Custom Sales Tax Rates are converted into standard Sales Tax Rate with "Tax Adjustment" entry as separate line item in Xero
- Inter Bank Transfers may be converted through a Clearing Account in Xero
- Clearing Account is used in Xero for transactions where Accounts Receivable, Accounts Payable are passed as Journal Entry in MoneyWorks. Transactions without any contact/payee name in MoneyWorks would be transferred as "No Name" contact in Xero
- System Accounts like Retained Earnings, Sales Tax Account, Realised Currency Gains are used in Xero for their counterpart accounts in MoneyWorks.
- In multi-currency files, while feeding the opening balances on the conversion date, Xero would use the same exchange rate for the conversion date for all the multi-currency accounts. This might cause a difference in debit and credit side of trial balance, and produce a FX variance, which is brought over in Xero system account called 'Historical Adjustment"
- Rounding can be different in Xero and MoneyWorks because of the data precision techniques used in both software’s.
- Blank Bill reference Numbers and Invoice reference Numbers:- In case we find any invoice or bill without a number, we use a dummy number example for Bills:- Bill1, Bill2 and for Invoices - Inv1, Inv2.
- Duplicate reference Number in bank transactions or invoices/bills:- In case we find duplicate reference numbers then we use transaction numbers instead of reference numbers or make the numbers unique by appending an extra character with a hyphen
- Limitation of Item number:- Xero have limitations of 30 characters for Item number thus for the item numbers more than 30 characters we have to trim them to 30 characters.
- Multi-Currency Transactions (brought over in the same currency as they were fed in MoneyWorks, same exchange rate as it was fed in MoneyWorks)
- Total Accounts Receivable in Xero shall not exactly match the total of individual Accounts Receivable in MoneyWorks because of the different exchange rates being used by Xero for reporting purpose
- Total Accounts Payable in Xero shall not exactly match the total of individual Accounts Payable in MoneyWorks because of the different exchange rates being used by Xero for reporting purpose
- While feeding the opening balances on conversion date, Xero would use same/single exchange rate for the conversion date for all the multi-currency accounts. This might cause a difference in debit and credit side of trial balance, and produce a FX variance, which is brought over in Xero system account called 'Historical Adjustment"
What makes us Special?
What Our Customers Say
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Rob CheesmanDirector, Kettering Professional Services
We used MMC for two Reckon conversions. One in Australia and one in New Zealand. Both had multi currency and one had payroll. We were very happy with the work done and especially how good the communication was. Highly recommend them.
Erica ChapmanDirector, Skyline Business Solutions
Great company to work with, fast turnaround and good communication. I had them do a conversion from Xero to QuickBooks Online that another company failed to do. Their team was quick to complete it and it was accurate! Highly recommended.
Telgavati SubramanyamDirector, First Idea Training Solutions
We are highly recommend MMC Convert and the great service the provide. Excellent service and 5 year data moved from MYOB to QuickBooks Online. Satisfactory data migration achieved.
Brian SchmittCo-Founder, SureFoot
"MMC converted us from Wave to Xero. Our data in Wave was apparently a little unusual, but after a couple emails MMC had us totally setup and running in Xero w/ all our past data from Wave! I would definitely use them again."
Sharon ChapmanManager at RMY Clements
Ankit has always been quick, efficient and very helpful when converting companies for us (2 so far) from Sage One to QuickBooks so I would have no hesitation recommending MMC Convert.
Our Conversion Packages
We can go back historically for any number of years at an additional price of $150 AUD per year
*We do full bank reconciliations as fed in your previous software
How It Works We Convert your data file with few simple steps.
- Step1Load File
- Step2Select Service & Provide Details
- Step3Make Payment
- Approve QuotationStep4Leave file with MMC
- Step5Receive Subscription Transfer
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