Skip to Content
0
Former Member
Oct 10, 2010 at 01:27 PM

Banking services conversion and reconciliation question

21 Views

I am working on Banking and financail services project particularly the conversion of the legacy data. I have 2 questions

Q1) What are the issues u2018technicallyu2019 in loading the GL Balances after go live i.e. after some values have been posted in them during the normal course of business upon go live. The rationale behind the question is that the client wants to complete its financial closure for the fiscal year 2010-2011 a few days into April 2011 and then migrate the GL Balances after the closure instead of taking one view on the 31st March and making adjustment entries thereafter. Is this possible and pros and cons are to be known.

2) What are the steps for the reconciliation of the legacy data coming from th eBank Analyzer into ECC FI GL I need to know the process and the transaction codes to vlaidate the conversion is complete.

Any tips and suggestions are welcome. More points for the reply

Regards and hope to hear from experts