This document discusses specifying an offsetting general ledger account for transferring legacy asset balances to a new system. The account must be defined as a balance sheet account that stores line items and is only used for the legacy data transfer. It will be assigned to a financial statement item along with other accounts to ensure the total of all legacy transfer balances is zero once the transfer is complete. The document prompts the user to enter the offsetting account for transferring asset balances.

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Specify Offsetting Account for Legacy Data Transfer
Use
In this activity you specify a G/L account that is used with the legacy data transfer for transferring balances.
Requirements
You have created the offsetting account for the balance transfer of assets in your chart of accounts and the relevant
company codes.
This account must meet the following criteria:
 It is defined as a balance sheet account.
 It stores line items
 Make sure that the account is only used for the legacy data transfer.
The account is assigned in a financial statement item with other accounts for the legacy data transfer (for example, for
transferring G/L account balance and open items of customers/vendors/G/L accounts).
The total of all accounts for the legacy data transfer balances to zero once the legacy data transfer is completed.
Activities
Here you enter the offsetting account for transferring the asset balances.

2. https://www.linkedin.com/in/mickaelquesnot/

3. Mickaël QUESNOT https://www.linkedin.com/in/mickaelquesnot/
Twitter @mistersharesap
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