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Hello,
We are moving from QuickBooks to Business Central and for some reason i'm not really sure what are the G/L accounts to include for GL opening balance.
Appreciate your help.
Thanks,
Mohammad
Hi, Personally, I think that depending on the user and local policies, the imported results are also different.
If you're looking for a standard solution, you can use the standard function below.
Hope this helps.
Thanks.
ZHU
So the best way that I can explain is with examples.
Example 1 -Let's say you want all of 2022 monthly activity and you're going live 12/1/22. Start with the balance sheet ONLY at 12/31/21 (the day before the monthly data that you will bring in), then for each month of 2022 bring in the net change for ALL accounts.
Example 2 - You are going live 12/1/22 and don't care about any monthly data before hand. Bring in entire chart of account values 11/30/22 (this assumes that QB only has 2022 in the income statement accounts) and begin processing 12/1/22 data.
Thank you but i needed to understand what categories/accounts to include like do we include all the chart of account for opening balance or sales, liabilities and expenses. I hope this add further clarification to my inquiry.
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