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
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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