ByDesign Financial-How to Migrate only closing balances for a new system implementation.

[jesseonuoha]

Hi,

We are implementing Bydesign for a new company, It is agreed that all financial books be closed. The question is how do we move to the system(ByD) only their closing balances which would be transferred as open balances in BYD?

[edayang · Accepted solution]

Hi Chinedu,

I guess you want to migrate the closing balance from legacy system to ByD, right? Such closing balance is the opening balance in ByD

We have migration of opening balance in our migration template.

You can go to Business Configuration -- Implementation Projects.

Select the project and Open Activity List.

In the tab of Integrate and Extend, find migration of Account Transaction Data. There you can migrate the opening balance. Please also refer to the help documents related to this topic. You can use the Help Center by select the question mark in the right-up corner in UI.

Thanks,

Eda

[HarshalVakil]

Hello Chinedu,

You can close the books in the legacy system and derive the closing balances of the accounts, this will then be migrated to the Byd, using the migration template. However, when you are migrating the balances of GL account only, they are migrated without sub ledger.

So in order to post the balance on the sub ledger, you also need the sub ledger level details and migrate them via respective templates.

So for example, If you are migrating balances for the payable sub ledger (GL accounts) then you also need the open items payable migration file to transfer values migrated via GL balance (Without sub ledger) to Payable sub ledger.

This all depends also on the date of migration. So if you are doing the migration during the fiscal year, then approach would be different then migration at the end of the fiscal year. Overall concept/procedure wise it would remain same.

Regards,

Harshal

[jesseonuoha]

Thank you very much