Hi:
I have some queries revolving in mind regarding FM activation after go live and its impact on legacy data.
1.What is normal practice when companies going live with FM & GM modules, do we turn on FM & GM after go live ?
2. We will go live in January, fiscal year is from July to June, hence there will be legacy data of almost 7 months, if we do not activate FM at the time of Go live then there will be hundred of errors because clearing accounts like Bank clearing accounts, GRIR clearing when get cleared later on (FM will be active after go live) they will show Commitment items error. Document reversal i think will be erroneous so is it a good strategy to keep FM Active at go live time if yes then we need to upload expenses balances or any other budgetable expense or budgetable balance sheet account balance with respect to cost center so that correct Fund center gets derived and legacy budget is consumed by system. I am not sure at this point in time that whether it will be possible or not. As far as FI is concerned we can have expense balances cost center wise on go live date but how about consuming funds that were routed through MM,HCM .
3. If we go live with a alter on FM & GM activation then what can be the possible repercussions ?
Please guide me through this .
Regards