Migration of Other Asset, Liability, and Equity Accounts

These accounts can be migrated directly into the Biz-Flo general ledger using a single journal of multiple entries. The opening balances of asset accounts will be debited, while liability/equity accounts will be credited with their corresponding entries to the "migration account."

Ensure Zero Balance for the Migration Account:

Once you have successfully migrated the opening balances of asset, liability, and equity accounts, the migration account should have a zero balance. Congratulations on a successful migration.