Migrating from MYOB to Odoo, and prepared COA and account balances at close of financial year-end 30Jun. Trying to verify the parameters to use:
1. system date = 30June2018
2. Loaded the COA, and verified OK.
3. import account balances, dated 30June2018 so that new financial year is 1Jul2018/30Jun2019 and P/L is zero as at opening of 1st Jul2018.
4. in last "Configuration Step" - "Initial Balances", verified that balances are good. Is "Save" required before "Post" of the journal entries?
Are the above steps correct in relation to Accounting, and the only steps needed for a fresh implementation, cutting over for start of financial year 1st Jul2018? All other parameters in other modules have been configured OK?
Comments appreciated.
I think you have to set the initial balance on 1st July 2018. (so system date must be 1st July)
if it is 1st July, then the P/L is incorrect for new financial year, i.e. 1Jul2018 to 30jun2019. P/L for new financial year must be zero and therefore requires date = 30Jun for loading of the opening balances. Further comments appreciated.