Before you begin
- Agree a cutover date.
- Prepare a signed Trial Balance and supporting AR/AP/inventory schedules from the old system.
- 01
Open Opening Balances
Go to Move from Old Software -> Opening Balances.
- 02
Enter account balances
Choose each account and enter the opening debit or credit amount as at the cutover date.
- 03
Enter detailed AR/AP and inventory
Use the dedicated customer, supplier and inventory opening workflows so detailed balances remain reconcilable to the general ledger.
- 04
Check the difference
Total debits must equal total credits. Investigate any difference instead of posting an unexplained balancing amount.
- 05
Run reports
Review Trial Balance, Balance Sheet, customer ageing, supplier ageing, bank/cash balances and Inventory Valuation.
- 06
Approve the opening position
Keep the source schedules with the implementation evidence and do not continue live processing until material differences are resolved.
Guide complete
Continue with the next related workflow, or return to the Guide Center to find another task.