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How does "Month End Close Tasks" work for Migrated Historic Periods?

edited Jun 2, 2025 2:31PM in Ask A Guru 6 comments

Hi Gurus!

I have a question please as to OneWorld in the context of migrated periods.

Simplified scenario:

  • A company has 2 subs. It migrates from a different ERP to NS.
  • Opening balances are as of August 1. We add the net change for August. Cutoff is August 31.
  • Company goes live in NS in September and will do a regular month end close in September.

Question:

  • How does "month end close" look in this scenario for "August"?
  • For example, do we need to do any month end tasks?
  • If not, will NS know how to properly eliminate I/C balances between subs and revalue any open AR/AP that may be in foreign currency?

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