We at Greytrix help the end – user in implementing new Sage 300 ERP system through our various successful migration and integration solutions.
Our GUMU utility is a Sage certified migration tool which helps in smooth data migration of various source ERPs to target ERP systems. Today, we are going to discuss a very important data migration option – Bank.
When converting Bank data from Sage BusinessWorks to Sage 300 ERP, we ensure that all the details which are there in the Sage BusinessWorks are covered. Now, let’s have a quick look at the Sage BusinessWorks Bank screen.
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You can view Banks in Sage Business Works from the following path –
Sage Business Works –> Cash Management àAccounts –> Maintain Cash Accounts
As you can see in the above screenshot, there are near about 8 banks in Sage Business Works.
You can view Bank Balance in Sage Business Works from the following path –
Sage Business Works –> General Ledger–> Accounts –> Maintain Chart of Accounts
In above screen shot you can see the monthly balance of SDFCU-Checking Bank with GL Account Number 1016 and balance 187595.25
In Sage 300 ERP the Banks are converted as follows:
Below is a screenshot of the converted Sage 300 ERP Bank with Bank Code SDF1.
Sage 300 ERP –> Common Services –> Bank Services –> Banks
Check the highlighted Bank Account, Write-Off Account, and Credit Card Charges Account of the same bank in below screenshot.
You might have seen that the BusinessWorks report screen shows some amount in bank balance field but in Sage 300 ERP window screen bank balances are null. This is due to the migrated bank Transaction entries of open balance amounts that are not yet posted. So we need to post the same so that it is updated in Sage 300 bank balances.
Navigate to Common services –> Bank services –> Bank transactions –> Bank Entry. Select bank transaction entry and click on post button.
After posting transactions navigate to common services –> Bank services –> Banks and check the bank balance.
After data migration from Sage BusinessWorks the field values of Sage BusinessWorks Banks get converted with the following mapping:
In this way, Sage BusinessWorks Banks and their balances are migrated into target Sage 300 ERP company database. For more information on ERP data migration, drop us a mail at erpmig@greytrix.com
Also Read:
1) What do you want to migrate to Sage ERP
2) Migrate Vendor from Sage BusinessWorks to Sage 300 ERP
3) Migration of GL accounts from Sage BusinessWorks to Sage 300 ERP
4) Migrate Customer from Sage BusinessWorks to Sage 300 ERP
5) Modification of Balance sheet Report in Sage 300