![]() ![]() ![]() Suppose your company was started in 2012. When doing a conversion, often you are not converting all dates that are in the company file. Transactions outside the conversion period will be consolidated into an automatically calculated balance - for both GL accounts, customers and suppliers. Opening balance for transactions outside conversion period Please seek advice from your accountant and/or tax advisor. But, since the conversion in certain cases can not migrate all of the data (especially pertaining to taxes), you might well need the backup or exported reports for the tax or financial audits. We do not store any pre-conversion backups or source system exports. It is important that you keep the backups or extracted reports from the source system in a safe location even after the conversion was done - you might need it for financial audits! Keep your pre-conversion back-ups and/or exported reports from source system for tax audits Learn more about those from conversion limitations page of your source system. Here we are outlining the limitations for all systems, but there can be more specific depending on your source system. Hence it is important you take your time to understand the limitations of our service. We are aiming to cover all the possible scenarios of your source accounting system when converting it to the new one, nevertheless because the systems subtly vary on how they are handling accounting, it is not always possible to convert everything and for all of your accounting period.
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