Data Migration of GL Account Balances and Line Items: Overview

In this video, I explain the process of data migration of General Ledger Account balances and line items.

🔍 This video answers the below questions:

1️⃣ When do we migrate Balance Sheet accounts only and when do we also migrate Profit & Loss accounts?
2️⃣ Should we transfer balances or line items?
3️⃣ What transfer date should we use?
4️⃣ What's a fiscal year? 📅
5️⃣ How to balance the initial balance offsetting accounts to zero? ⚖️
6️⃣ What's the Retained Earnings account? How does it impact the process? 💼
7️⃣ What are the accounting entries posted in the balance migration? 📝

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[kalyanimikkilineni]

Your explanation is very clear, we are very lucky to learn data migration from your videos. I am not from an accounting background. If you could provide a separate set of videos on basic accounting concepts, it would be really helpful to upgrade my skills.

[francescocolaiori]

Dear Abdullah, having worked in the sector for nearly 20 yr, I have come to appreciate your exceptional talent in delivering knowledge and educational content. I believe the logical continuation of this chapter on GL BS and P&L data migration would be the migration of open GR/IR associated to open Purchase Orders including the explanation on how to match the Invoices Received in S/4 with the open item GR/IR migrated from the legacy ECC.

[christiannyamoutet]

Dear Abdullah. That’s a great video indeed. Very clear. I was wondering if you have done such videos for stock inventory balance at hand migration, AR and AP open items migration please. If not, looking very much to watch. You made this one so simple that I feel like a genius after watching this. Definitely a fan. Keep up with the good work.

[lukagrijak]

Hello Abdul - great video as always, thank you. A playlist explaining basic accounting that an SAP FI consultant would need for everyday job would be amazing and very useful!

[lanphuong]

Thank you so much for your sharing. It's really easy to understand and helpful. Please share more about Financial Accounting

[lokeshp]

you explained it so well in such a simple way...amazing

[saibalu]

Hi Abdullah,
Thank you very much. This video is rally simply superb, you covered everything regarding the GL Balances & line items DM. Appreciated, the way you explained the process.

[sireesiree]

Your efforts are incredible Abdullah. Thank you for the very knowledgeable video and yes even non accounting people also can understand the process.

[Aspire-eqhw]

Conceptual video which has good content. Continue to create videos on Financial accounting basics

[Ahmed-fqsi]

Everything is crystal clear as usual. Thank you Sir.

[xof]

Such a great video for an overview and understanding the approach and concept. Very helpful.

Now I was actually trying to find the video that explains how to use the LTMC for migrating balances and line items but I can’t find that in the playlist?

[yingzhu]

It is very clear explanation. Thank you very much Abdullah!

[sanjeeviraman]

Hello Abdullah galal - very great video and understand lot of thing. thank u so much.

[bilelamri]

Sir you are awesome, you're champion and proud for all of us arabs

[mohamadnooradam]

great explanation. appreciate if you can do playlist video for basic accounting.

[victabskey]

i am loving all your data migration training. yes, i vote for basic acctg video if ok with you. by the way, i want to be a member so i can watch all your videos. i am not yet making money, so pls suggest cheaper option. which membership should i get?

[abhinavpanda]

Hello AG! Could you please make a video on basic accounting also because your explanations are just fab.

[Teeheeleelolee]

Very clear explanation :) Are you also posting migration cockpit for AP / AR open item?

[MahyarHajiEsmaeili]

thank you for sharing all the valuable information and priceless experiences. one question though, how can we get our hand on SAP (or s simulated cloud version) to practice with the real menus?

[uttamx]

I was understanding GL Account migration, Did you implemented using bods or some other ways .please reply