Articles
Overview of Entering Beginning Balances
Introduces the purpose of entering beginning balances and lists the steps for accomplishing this effort.
Step 1 — Preparing Your Data
Reviews essential business operations and data, then explains four checks you need to verify in your previous system to ensure your data is ready to migrate to aACE.
Step 2 — Migrating Transactions from a Previous System
Warning : Before you begin this step of entering beginning balances, it is essential that you read this guide in its entirety — you must understand the process before beginning the process. To ensure that your results will be correct, we als...
Step 3 — Reconciling Transactions
Explains possible sources of discrepancies and how to resolve them.
Step 4 — Creating Beginning Balances
Explains how to generate a zeroing entry for your accounts, then create a single general journal entry for your beginning balance values.
Step 5 — Reconciling Your Income Statement and Balance Sheet
Explains the final step of reconciling your previous system and your aACE system beginning balances using the income statement and balance sheet.
Importing Historical Balances for Invoices and Purchases
Explains how features of the import process can help you more easily migrate old transaction data into aACE.