One of the most critical steps before migrating to Xero is ensuring all your bank accounts are fully reconciled up to the migration date. This process involves matching your accounting records with your bank statements to confirm that every transaction is accurately recorded. But why is this step necessary?

1. It establishes clear opening balances for your accounts in Xero. You never have to do manual adjustments to agree to accounting reports.
2. After migration, you’ll need to verify that your financial data has been transferred correctly, and having reconciled accounts makes this verification process much more straightforward. No exceptions to keep in mind.
3. You will know that any errors you encounter in the future, were not caused by the original importing of data.