Many firms know that AdvanceTrack help drive efficiency into theirs and their client firms’ process. We also help clients move to the cloud. We are a migration partner for Xero as Xero Partner firms want to move their client to Xero at scale.

One of our long-standing clients, MHA Carpenter Box recently approached us as they had two large companies to move from Sage onto Xero. Whilst there are tools that help “standard” clients move to the cloud, these companies were international in their nature.

The biggest challenge that both the end client and MHA Carpenter Box faced, was the need to move a large volume of transactions across multiple years. The most complex part of the migration was dealing with foreign transactions. These were not just bank transactions, but purchases and sales with the exchange differences needing to be allocated correctly in line with the financial statements.

Across the 2 entities that needed moving across, there were 1000’s of transaction lines that needed migrating across and reconciled.

Our Xero trained teams were given access to the data before starting work. They agreed a plan to move the data using technology and their knowledge of using Xero effectively.

Once the data had been moved from Sage into Xero, our teams carefully reviewed the data and ensured that the client data had been transferred effectively and accurately. With trained accountants and bookkeepers overseeing the process, the migration was delivered cost-effectively and accurately.

Clean, quality data which the client and firm will benefit from in the future as the reports will be meaningful with cloud tools that can now be connected using Xero.

Client feedback

There are great tools like MoveMyBooks to move client data to the cloud. Where there are complexities such as Foreign Currency, we’d certainly use AdvanceTrack again to help us transfer the data.

Does your client need help moving data to the Cloud? Get in touch with the AdvanceTrack Cloud team.

A Major International Group chose AdvanceTrack to help them through the iXBRL maze.

Rather than just tagging a set of accounts prepared in Word, this UK group (part of an international global building products group) wanted to deliver a long term solution to iXBRL compliance. Having adopted an accounting software product, this group considered whether to prepare accounts and iXBRL files in-house, decided to outsource the first year file preparation to AdvanceTrack®.

Having completed their due diligence, AdvanceTrack® were selected.  It was agreed that the accounts and iXBRL files would be completed for a small number of subsidiaries.  Once these were complete, the remaining 60 companies in the group were completed on time and on-budget. This is what the client had to say:

“Thank you for your help and your team’s hard work in assisting us meeting our deadlines. It has been greatly appreciated” .

AdvanceTrack® can deliver services on the main accountancy software packages including Caseware, CCH, Digita, Onesource, IRIS and Sage.

We also tag accounts prepared in Word and Excel.