TIPS/TRICKS TO ROLL ACCOUNTING SYSTEM?

I am working towards a close and wanted to see how operators have rolled the accounting records in an asset purchase? Currently, the company uses quick books and I am likely also going to end up using QB.

On Day 1 post-close, do you continue to book entries in the old system and then migrate to the new accounting system in the future? Book in parallel in both systems for a period of time? Basically, what's the best way to ensure continuity but also not be bogged down by previous operator accounting processes?

Any tips/tricks for tactical issues like these would be highly appreciated.



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