|Top Previous Next|
This topic require you to have fairly good accounting knowledge. You may want to seek your accountant or our support team for assistance.
Example : You signed up Realtimme Cloud in May 202X, your financial year begin from Jan to Dec. You are already 5 months into your current financial year. You want to start using Realtimme Cloud soonest possible. We would recommend that you have a cut-off date as at July 202X.
It is important to plan your cut-off date carefully, as from the date of purchase of the new software (May 202X) to the completion of implementation phase to the date of going live (July 202X) will have an impact on the overall successful cross-over to a new system.
To Enter GL Opening Balances
You can start using your new accounting system at different time of your business
Scenario 1: You are a new startup and all your accounting records are starting from zero