Mid Year vs Balance Finance Migration Strategy
My client is doing a mid year data migration. I have used the following approach in the past and was wondering if this is uncommon approach.
1. Remove all Account Reconciliation indicators :-)
2. Load TB 2019 into TB Migration Take-on account
3. Balance Carry Forward 2019
4. Load TB 2020 movements for Balance Sheet and P&L
5. Reverse all reconciliation account balances
6. Activate reconciliation indicators
7. Load all sub-ledgers (A/P, A/R, AA, AUC) into separate migration accounts
8. Load movements
9. Settle AUC
10. Reconcile All :-)
Example AP and AR - other ledgers follow similar example:
Austin