http://www.lupinepartners.com/data-conversion - David Wolfe of Lupine Partners discusses how much GL or general ledger history should be converted during a Yardi Voyager software implementation data conversion.
There is no right answer here, but it is a big time cost/benefit issue. In other words, is the time it takes to enter and validate all this data worth it? And, more importantly, are you actually going to use this information? Clients have had their initial go-live date moved back because the project moves faster than their ability to convert and validate the data -- validation of the general ledger history taking the longest time. This can be compounded even more if you are changing your chart of accounts, because you are validating accounts and balance information, but the GL accounts are no longer the same. What do we see most often? Answer: summarized GL history for the current fiscal year and one prior fiscal year, so our client can facilitate current and prior year comparative reporting.
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