My client has 3 blocks of commercial premises. Each block has its own separate bank account.
He started using Xero to raise Sales Invoices for 1 block from June 21. He has raised various Sales invoices and have allocated them against
receipts in the bank.
He has not posted any Conversion Balance at 31st May 21. Now he suggested that since the year end is 30th September 21 he will
be giving me closing balances as at 30th September 21 for 2 blocks of premises.
How does this work? Usually I would have input the Conversion Balances at 31st May 21.
I will appreciate if someone can shed some light on what is the best way to deal with this.