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Post-Migration Checklist

The post-migration checklist guides you through the actions necessary to ensure a smooth transition to go live. 

Reaching this stage means you:

  1. Understand how the data migration process works
  2. Have prepared your financial data for migration
  3. Migrated your data
  4. Reviewed your data’s accuracy in CosmoLex to confirm your migration was successful

You can download the Post-Migration Checklist in a PDF format. 

  Finalize your CosmoLex Chart of Accounts (COA)
    Review the accounts provided under Accounting > Chart of Accounts.
    Identify which general ledger accounts from your previous system are perfect or close matches to existing accounts in CosmoLex.
    Add general ledger accounts from your old system lacking a match in CosmoLex
  Make a Reversing Entry – Accrual Basis Only (skip if CosmoLex migrated your data)
   

Print the CosmoLex trial balance on an accrual basis as of the financial cutoff date.

   

Create a journal entry to reverse these amounts from the CosmoLex trial balance:

  • Retained earnings
  • Soft cost income
  • Fee income
  Enter Your Account Balances from your Old System – Cash and Accrual Basis
    Print the trial balance from your old system and from CosmoLex as of the financial cutoff date.

Print it on a cash or accrual basis as appropriate.

   

Create a journal entry to migrate all items from your old trial balance that are missing on the CosmoLex trial balance.

Use the financial data cutoff date as the journal entry date.

  Verify Your CosmoLex Trial Balance Against your Old System
    Print the trial balance from your old system and from CosmoLex as of the financial cutoff date.

Print it on a cash or accrual basis as appropriate.

    Verify that the amounts on the CosmoLex trial balance match those displaying on the trial balance from your old system.
Updated on August 9, 2021

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