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313Hi,
I have one legal entity with its own individual Chart of Accounts, containing five years of audited transactional history. Additionally, I have two other legal entities that use a shared Chart of Accounts.
At this stage I want to match Expense and Assets Accounts in individual COA.
So, I am planning to incorporate the expense accounts to the individual Chart of Accounts same as shared Chart of Accounts and map them to the appropriate expense procurement categories for P2P cycle.
My questions are:
- Is this approach recommended and supported in Microsoft Dynamics 365 Finance & Operations?
- What is the best practice for transferring the historical balances and detailed transaction history from the Old Accounts to the new Accounts. and suspend old accounts.
I would appreciate your guidance on the recommended approach and any potential risks or considerations.
Regards,
Raheel
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