QAD EE Chart of Accounts Confirmation Through Historical Trial Balance Conversion
Posted on: May 30, 2017 | By: Tim Lovely | QAD Business Process, QAD Distribution, QAD Financials, QAD Manufacturing
Logan Consulting stresses the need to define your GL Chart of Accounts and supporting data structure early in any EE implementation. Once a GL account is referenced by a transaction, changes to account attributes are sometimes difficult to make.
Prior to the first Conference Room Pilot, Logan Consulting recommends tells its clients not only to define the Chart of Accounts, but also advises its clients to set it up in a test QAD EE environment and load a period of years Trial Balances against it. These historical financials can then be verified against the legacy system for accuracy, which confirms the accuracy of the new Chart of Accounts structure. An added benefit of this exercise is adding Trial Balance data to QAD EE to allow for the development and verification of any required financial reports developed in Financial Report Writer (FRW), QAD’s new financial report writing tool.
The recommendations above become even more important if a company is changing the Chart of Accounts as part of an upgrade or implementation, as the mapping from old to new accounts can be vetted as part of the Trial Balance loads and verification.
About Logan Consulting
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Logan Consulting is headquartered in Chicago, IL with global services reach.