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New Ledger Creation Needed for Private Equity acquisition - Best Practice?

edited Jul 18, 2019 8:02PM in Financials – General (READ ONLY) 3 comments

Summary

Are there Best Practices for new Ledger following acquisiton of our company?

Content

Our company, MyEyeDr, has been re-acquired by a new Private Equity (PE) firm - Goldman Sachs.  This finalization will occur in the upcoming month(s).  A similar acquisition occurred in Aug-15 by a current PE firm.

In Aug-15, to distinguish between the 2 acquisitions, we simply used a then unused chart value segment to make the distinction.  This was our Future1 segment.  We still have an unused reporting segment available - Future2.

We only use the GL, AP, Cash Management, and Fixed Asset modules.  We created a new FA book and reloaded that data back in Aug-15.

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