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cutover strategy related to FI Balances

Hello gurus,

Please provide me some information on cutover strategy related to fi balances.

How many initial balances gls should we have, should we create separate gl account group for those gls, if we are going live in may then how can we see p&l data for jan to april, should we use golive date as doc and posting date, how can we get data in profit centers, cost centers and wbs elements????

Thanks and regards,

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  • Posted on Feb 18, 2014 at 03:54 AM

    Hi Mohit,

    You would have to create separate account group for Initial balance upload ,so that you can easily eliminate while preparation of Financial statements.

    Youn would have to create separate Initial balance GL accounts as mentioned,if you want to track P&L and Balance sheet item separately.

    1. Inital Balance P&L accounts

    2. Intial Balance Balance sheet Accounts.

    If they want to track entire currenct year data line item wise,you may upload all ine items. If they don't want ,you can upload golive date is Posting date and document date ,upload as on balances.

    Business should provide balances cost object wise ,if they want to tracking on that.

    Regards

    Mani Kumar

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