Is there any reason that we would need to load data prior to the first go live period other than having the opening balances and investment and equity balances aligned?
We are going live in a quarterly system with 2024.03 data and are planning on loading 2023.12 opening balances for the reasons above.
Comparative reporting would be gathered from outside FC.
Any other considerations of leaving out prior balances?
Some companies prefer to have historical consolidation data for easier reporting with comparative periods, as well as preemptive testing of full consolidation run.
However please keep in mind that load of historical consolidation data (including checking it with published data and aligning by means of manual journal adjustments) can be a considerably time-consuming task to run before the go-live.