5 - Choose a start or conversion date

Moving from one system to another can be a daunting process. However, we have found that the hardest part is just picking a date to draw a line in the sand. 

This step involves defining a close-off date on your old system (if you have one), and starting to use Elevate from the following day. We call this the opening date, or what we usually refer to as the conversion date. 

It's best if this aligns with the start of a period, whether that's the first of the month, the start of a VAT quarter, or falls in line with your financial year. The latter is going to be hard to achieve unless you're actively shopping in and around that month, but the first day of any month is readily achievable.

By default, the conversion date is set to the first day of the current month when you start your trial.

You can change this easily before you start adding any financial activity like rent or charges. It can be changed later also, but it may present more difficulties in relation to your opening balances. Therefore we recommend you make this decision as quickly as possible. 

NEXT STEP

6 - Create a tenancy, collect rent and deposit