New Ledger Creation Needed for Private Equity acquisition - Best Practice?
SummaryAre there Best Practices for new Ledger following acquisiton of our company?
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.