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Case Study of Netsuite to Xero Conversion

The company for which we were providing the service of NetSuite to Xero migration had around 1.25 lacs of accounting and financial transactions in the NetSuite software.<br>

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Case Study of Netsuite to Xero Conversion

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Presentation Transcript

  1. Xero Certified Advisor Case Study

  2. Challenge About Conversion • Where NetSuite is used, changing accounting system might seem easy. • The company for which we were providing the service of NetSuite to Xero migration had around 1.25 lacs of accounting and financial transactions in the NetSuite software. • All these crucial data are confidential as well, so there is another challenge in keeping the safety of the information during the migration process. • There are risks in migrating data as well as any change or error in transferring data can affect the financials of the company. • Data from NetSuite has to be redefined before transferring to Xero.

  3. Solutions for NetSuite to Xero To start the migration process, we first categorized the different types of data. We segregated the accounting data, analytical data, and the customer related data. The data which couldn’t be transferred, we had to manually type those data into Xero platform. Once this is done, we enter the recent transactions which are not recorded in the NetSuite software.

  4. Solutions for NetSuite to Xero • After the entire data was imported and stored in Xero, we reconciled the inventory and sales tax transactions. • Finally, we did an analytical check to see how the business was performing and then ended the process by doing reviewing of profit & loss and Balance sheet work for periods and other such details required for your business. • We had to do this entire process manually and we follow a chronological sequence for this.

  5. Results About This Process • To our success, the whole process took us a short time of 45 days for transferring 1.25 lacs of transactions with zero errors. • All the business and accounting data were transferred from NetSuite to Xero efficiently and effectively.

  6. Contact For Your Queries https://www.account-consultant.com Account Consultant Services Xero Advisor Accountingac (61) 2 8880-5556 Accounts@rayvat.com

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