When the a business is being sold you need to take in consideration one of the following:the following into consideration.
You cannot just delete the General Legder Postings as the source modules will never balance to the appropriate general ledger accounts.
Method 1:
- Does a copy of Readysell need to be kept by yourself or does the old owner require a copy before clearing of any data. You may require a copy of readysell on a laptop so that it can be accessed or you may just require a back up of some sort.
- Readysell would need to construct scripts to delete the general ledger postings and balances as at a date.
- Readsell would need to run the task to refresh and recalculate all general ledger balances.
- The new owner would need to insert a manual general ledger journal for the balance of the accounts that need to be kept and reconciled as at the time of exchange of the business.
...