Migration at the end of a Financial Period
Our recommended approach for migrating data from a legacy ERP to Biz-Flo at the end of a financial year is as follows:
Timing: Ideally, the migration should take place at the end of a financial period. This allows for a smooth transition, as you can start recording transactions for the new financial period from its first day. However, please note that the closing data of the ending financial year/period may not be available until a week or two into the new year.
Validation: Before migrating the closing balance of asset, liability, and equity accounts into Biz-Flo, it is essential to validate them. Ensure that the amounts of total outstanding invoices are reconciled with their respective accounts in the general ledger.
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