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Started by Nisanka Prasad -   in Accounting

I have started the operation new hotel in 2016,Since that I didn't use any accounting soft ware, Now i have 2017 opening balances so, Can I start to update previous year records now ?

Also I want to know whether I can enter 2017 & 2018 records in same time for both year ?

My financial period will ended in March 31.
Hi Nisanka,
Yes, you can update any date you like - if you have used conversion balances you need to ensure these are correct, otherwise if you were to amend the conversion balances at a later date then that's going to wipe the balances and overwrite.
There's no 'year end closure' on Xero.

Sam King  

Thank you Sam for your informations

Nisanka Prasad