Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the general process for the General Ledger data conversion effort?

April 26, 2017conversion Data effort ledger process

0

Posted

What is the general process for the General Ledger data conversion effort?

1 Answer

0

Posted

Open payables and open receivables will be converted into the Core Financial System (CFS) using automated programs at the line item level. This conversion will result in General Ledger (GL) impacts that will be reversed out through General Journals (GJs) at a Bureau/Fund level using a dummy Accounting Code Classification Structure (ACCS). Dummy ACCS values are default ACCS strings that will be used for conversion purposes only. The actual FY 2003 closing trial balances from the legacy systems will then be brought over into CFS using the same default ACCS values that were used to back out the impacts created by the Accounts Payable/Accounts Receivable conversion effort. The GL entries will be backed out and reloaded to ensure that the trial balances existing in the legacy systems are the same balances that will be used in CAMS.