General Ledger and Chart of Account Conversion Services
Acquisitions, growth, and divestures can cause your once sufficient general ledger reporting structure to become inadequate. Standardization and conversion of your chart of accounts does not need to be a painful process. DDR Technologies has helped several organizations through the process of updating their general ledger chart of accounts. Many of these organizations have taken several chart of account structures and standardized them into a single structure, merging data from multiple databases into a single general ledger database. The process still requires hard work; we just help remove some of the pain in the process.
Chart of Account Standardization
DDR looks at your business structure, financial reporting needs and feeding system limitations to help you architect a chart of accounts structure that will grow with your enterprise. Utilizing a set of pre-built applications, we help you manage the mapping process of department, sub-account and posting accounts. Our tools are even capable of building the posting account mappings based on the element mappings provided. This step alone will save hours of mapping time.
Once your organization has defined a new standard chart of accounts and built the appropriate mapping, our specially designed set of tools will take the burden out of converting your general ledger data. If you are an existing PFM installation, we can even convert your data in place without losing any of your general ledger, accounts payable, fixed asset or project accounting history. Working with McKesson technical services you can even have your PMM chart converted in place as well. This option provides the best possible outcome: a new chart of accounts and all of your historical data available for reporting.
Want to learn more?
To get more information about Chart of Account and General Ledger Conversion Services or to answer any of your questions, please call DDR at 678-905-5110, contact us via email, or submit an information request form.