Planning the Migration of Accounting Data Before Starting a Business in Georgia

First, determine whether to transfer only opening balances or also individual transactions and supporting document data. Opening data may include cash and in-kind contributions, bank and cash balances, assets, receivables, liabilities, and start-up expenses already incurred. Founding agreements, bank statements, cash records, contracts, invoices, and handover records provide the basis for these values. Customer, supplier, account, and tax data should be cleaned up and clearly mapped before import. Foreign-currency amounts require the currency, exchange rate, and equivalent in GEL at the relevant date. For assets, transfer acquisition dates, valuation amounts, and available documentation to the extent needed for ongoing accounting. Prevent duplicate master records and repeated document imports by using unique identifiers. A test migration makes it possible to compare account balances, open items, tax amounts, and document links before final approval. After import, the opening balance sheet or opening balances should match the verified source data. Keep the original data package, mapping tables, and import log together with the approved migration.