GL balances migration strategy from legacy

[Former Member]

Hello

I would like to know GL balances migration strategy as a cut over activity from legacy.

     1. Usually all Balance sheet accounts will be considered for the balances migration. For this migration account to be created and used.

         Later total balance in this migration account should become zero.

     2. If P&L accounts also to be considered, what are the additional points to be taken care. How the balance can be migrated to the P&L accounts

     Can any of you please explain the both above approaches in detailed, if possible

Thanks

Ani

[sanilbhandari · Accepted solution]

Hi

The below link should be of help to you. This has been beautifully been explained by

Specifically coming to your point no 2, you said that you would like to migrate P&L Balances as well. If you are migrating as of end of fiscal year, than the question of P&L Balances will not come in, since you will be migrating your Balance Sheet only.

However, if it is some day during the year, you will be migrating your trial balance into SAP and in such a case as well the balances will tally out to zero for the offsetting legacy GL you will create in your P&L. In all my projects, I have asked business to transfer only the P&L balances and not line items for the whole year into SAP. This is a one key pain area, but you will have to take a buy in here since this will considerably reduce the load. However, how the P&L Balances will be loaded is finally a business decision.

Thanks & regards

Sanil Bhandari

[Former Member · Accepted solution]

Hello Sanil,

Thank you for your reply.

I do agree with your reply. We are migrating during the year. As of now we had only update to migrate P&L Balance. But need to check with Business whether to transfer the P&L balances or line item level.

Thanks alot again for the info provided

Regards,

Ani

[shimul1 · Accepted solution]

Hello Sanil, could you please provide the link where it has been explained.