Unreconciled Transactions from old system

[Former Member]

Hello Experts,

One of our customers were using 2005 version and they recently moved to 8.81 by migrating data from scratch. However, there were some un-reconciled bank transactions in checking GL account as of Feb 29,12. Customer started using new system from Mar 1, 2012. Do we have to move un-reconciled transactions into new system? Please advise what is the process. Thanks!

[Former Member]

Hi,

The real problem here is how you reconcile this account in the new database. You must have a clear cut for March 1 opening balance in order to get the correct financial statement in the year end. All un-reconciled transactions need to be posted in the new db as opening balance.

Thanks, Gordon

[Former Member]

Hi,

Yes, you need to move all your un-reconcile, else there will be amount gap.

Either you pass manual Journal entry for that amount else you can push all data to DTW via MS-excel.

I am confused did your balance sheet tally ?? without this ?

Thanks

Kevin shah

[Former Member]

Hi.....

              Does your custome have altogether New database for shifting to new System?
Or maintaining same DB?

Regards,
Rahul

[Former Member]

Hi Rahul,

Customer started with new database. But they still had some open transactions in bank gl account which were not reconciled. Does the transactions need to be moved to new system? If so, how to do that? I beleive they can reconcile in old system as there is no GL affect any way.