How to Add the Opening Balance in Xero
- George Apostolov
How to Add the Opening Balance in Xero: step-by-step guide
On Xero's main dashboard, head over to the top menu bar and click 'Accounting'.
Choose 'Advanced' from the list of options.
Following that, tap 'Conversion Balances'.
Enter the opening balance for each bank account. Type the details into the debit column.
Once done, review your input and click save.
After completing these steps, the opening balances of your banks will be added to your Xero account.
Quick answer: To add opening balances in Xero, navigate to Accounting and select Advanced. Next, open Conversion Balances, enter your bank account details into the debit column, review your input, and save your changes to successfully update your account balances.
About this Xero tutorial
Easily input your bank account opening balances in Xero by navigating to advanced conversion balances, entering the debit details, and saving. This guide shows how to add the Opening Balance in Xero in 6 steps, starting with "On Xero's main dashboard, head over to the top menu bar and click 'Accounting'" and finishing with "After completing these steps, the opening balances of your banks will be added to your...". The interactive demo above is a click-through copy of the real Xero interface, so you can rehearse each step before doing it in your own account.
Frequently asked questions
How many steps does it take to add the Opening Balance in Xero?
6 steps. Each one is listed in order above, and the demo highlights exactly where to click.
Can I try it without changing my own account?
Yes. Clicking through the demo doesn't touch your Xero data or settings. Once you know the flow, repeat it in your own workspace.
This tutorial is filed under Xero. Related guides: How to Apply Overpayment in Xero When Receiving Money, How to Archive a Bank Account in Xero and How to Assign a Bill to a Project in Xero. Last reviewed 05 Oct 2026.
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