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Assets Migration Period

in Assets 1 comment

Summary:

Assets Migration Period

Content (please ensure you mask any confidential information):

Why do we migrate legacy assets in first date of Go Live Period and not in previous period's last date (similar to other sub ledger's transactions). So If my calendar is JAN-DEC and I plan to go live on 1-Jan-2024.

I extract all balances till 31st DEC, populate the YTD dep for 12 months, accumulated depreciation and migrate as on 31st DEC.

As GL balances will also be migrated as on 31st DEC, then for FA why we migrate in following period. I will also say my first open period for Asset Book as Dec-23.

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