We suggest you have the discussion with your accountant first before migrating the accounting data from previous accounting software to our SimpanKira cloud accounting software.
Information that you need to have prior to migration
- Latest trial balance of the current financial year.
- Trial Balance from all the previous financial years. If you have been running the company for 4 years, you then should have 4 trial balance statements.
- Outstanding Sales Invoices in this financial year.
- Outstanding Purchase Invoices in this financial year.
- Company & Contact latest information.
- Product Information
Create the Bank Account
Go to the Setting > Chart of Account
- Click Add Bank Account button to create your bank account.
- DO NOT ENTER THE OPENING BALANCE & TRANSACTION DATE FIELD if you want to proceed to creating Opening Balance next. Entering the opening balance here will automatically credit your Paid Up Capital account.
- Setting up Opening Balance will take care of this bank account opening.
Create Opening Balance
Go to Setting > Opening Balance
- Set Conversion Date
- Set Opening Balance at Conversion Balance Table by entering the account balance in your latest trial balance from your old accounting software/record set at Conversion Date.
- Re-create Sales Invoice if you have outstanding Sales Invoice.
- Re-create Purchase Invoice if you have outstanding Purchase Invoice
- Click Save. If you think you have made mistake at entering the figures at Conversion Balance table, you can always click Delete.
Create Item
If you have inventory value set in the Opening Balance, you may want to add your Inventory Items in SimpanKira. You may have single item or multiple items for your Inventory.
- Go to Inventory > Item
- Create new Item
- Tick checkbox 'I track this Item for Inventory'. Enter the quantity in hand to match the value of Inventory entered in Opening Balance.
- Fill up the rest of the fields in Item. Refer here for more details on how to record Items for inventory.