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FA Migration Best Practice

in Assets 1 comment

We plan to close books in source by Aug-25 period. GL balances to be loaded from Jan-Aug 2025. If my understanding is not correct for below options, please let me know for each step.

If first period in target is Sep-25 period.

a) Extract all assets as of aug-25 period from source.
b) Load in Sep-25 period in target.
c) Run depreciation (with/without closing the period) -?
d) Create accounting
e) Reverse asset addition in GL - To avoid duplication.

There will be no entry for accumulated depreciation in FA for converted assets. Is this correct?

If first period in target is Jan-25 period.

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