Hi Nagraju,
As explained by Mr Kamal on Cutover activity has covered all the points.
Add on to this & conclusion of your point C.
"How do you consider if in case if the client wants as already paid via legacy system even though needs to be in sap- While uploading what method going to considered? how this will impact in SAP?
"""Before consider in SAP as per the accounting standard iam giving an example"""
1. Cutover Activity on 31 of March 20XX.
2. All GL/Vendor/Customer/Material/Assets (B/S) Balance will take in to considration.
example:
If an Invoice (vendor) on 20 March 20XX which is paid in Legacy on 25th of March-20XX
Invoice Entry - Purchase/Stock....A/c Dr 80,000
To Vendor A/c Cr -80,000
Payment Entry- Vendor A/c ........Dr 80,000
To Bank A/c Cr -80,000
If we consider the above example - there is no such invoice item you can consider as on 31st of March, where as GL balance Bank will take the balance as on 31st of March..
If the same above example is Partially paid...
will consider the open/pending invoice as on 31st of March & Bank balance the same.
This how the TB will match.
Second point.
Regarding P&L Items
There are two approachs.
1. Considering all Balance sheet items (as explained above)
2. The Profit/Loss as on 31st March 20XX need to atke as Reserves & Surplus/Retained eanings-B/S) A/c
Or
All balance sheet A/c & P&L Account (without Reserves & Surplus) as on 31st March 20XX
& do the Year End Activity after uploading balance, (System will take the Profit/Loss A/c to Reserves & Surplus)
The both above approach can proceed as per your business requirment.
Regards,
Khan.