When it comes to trial balances, opening balances etc for data migration:
Fiscal year is from Feb 1 to Jan 31.
If I have a batch to import for Jan 31, 2025 which would be a part of the 2024 fiscal year. And I have transactions from Feb 2025 to August 2025. Whats the correct approach?
I was thinking importing with a configuration package for Jan 31, post to the general journal, close the year and the close income statement. Then import Feb to August and post to general journal. Last thing would be to make sure I change the date in the allow posting from field on the general ledger setup and user setup.
Does this make sense?