All 26 Computerized Bookkeeping questions
More in Computerized Bookkeeping
How does software enforce segregation of duties? What is the benefit of automatic bank rules/matching in software? How do you reconcile a control account in accounting software? What internal controls are important in a computerized accounting system? How does integration (e.g., invoicing, payroll, e-commerce) enhance computerized bookkeeping? What are IT general controls relevant to a computerized accounting system? How do you ensure data integrity when importing data into accounting software?
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Bookkeeping › Computerized Bookkeeping

How do you migrate from manual (or one system) to computerized bookkeeping?

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Answer

Migration involves choosing software, setting up the chart of accounts, entering opening balances (from the last trial balance) as at the changeover date, importing customer/supplier and item data, reconciling opening control accounts and bank, running parallel or verifying, and training staff. Accurate opening balances and reconciliations are critical so the new system starts correct.
Real-world example The bookkeeper enters trial balance opening balances and reconciles them before going live on the new software.

Common follow-ups: Why are opening balances critical? | What is a parallel run?

Trial Balance Control Accounts Computerized Bookkeeping
All 26 Computerized Bookkeeping questions