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Data Migration of GL Account Balances and Line Items: Overview

In this video, I explain the process of data migration of General Ledger Account balances and line items. 🔍 This video answers the below questions: 1️⃣ When do we migrate Balance Sheet accounts only and when do we also migrate Profit & Loss accounts? 2️⃣ Should we transfer balances or line items? 3️⃣ What transfer date should we use? 4️⃣ What's a fiscal year? 📅 5️⃣ How to balance the initial balance offsetting accounts to zero? ⚖️ 6️⃣ What's the Retained Earnings account? How does it impact the process? 💼 7️⃣ What are the accounting entries posted in the balance migration? 📝 Support the channel and get access to Member exclusive content: https://www.youtube.com/@abdullahgala...

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