Talibro Help Center

Transfer ending balances

in Getting Started

If you are moving from another accounting system, you can easily migrate your account ending balances (adjusted Trial Balance).

Depending if you handle inventory or not, data migration is either two-step or one-step process.

Service company

If your business does not handle inventory, you can migrate all your data via one journal entry. Make sure you have ending balances of all accounts and that of customers and suppliers’.

Step 1

Open Reports and choose Journal report and click Add Journal button.

Remember, you do not add  gross amounts of Accounts Receivable  and Accounts Payable in the journal entry, but rather a breakdown of amounts by customer and supplier. This will ensure proper ending balances of each customer and supplier.

Data Migration Journal Entry in Talibro Small Business Accounting Software

Once you have copied the adjusted Trial Balance from the previous accounting system, click Save & Close to finalize.

Retail/Wholesale

If your entity manages inventory, you will not add Stock Value in the Journal entry above. Thus the difference of Debit and Credit should be attributed to Opening Balance Equity account.

Step 2

After saving the journal entry above, go to Items and add each item with ending quantity and value on hand to finalize data migration from your previous accounting software.

Data Migration Journal Entry in Talibro Small Business Accounting Software 2