Checklist for Transitioning from Tikon to Finago Modular Accounting

Actions in Tikon

• Check that at least the P-period is locked, if you use it
• Print the transfer report from the previous and current fiscal year if the transfer is done during the fiscal year (Note! If the company uses cost centers, the transfer cannot be done using this balance transfer report. The transfer can be implemented as a transaction-level conversion with the assistance of Finago Modular application support. Please contact application support or your contact person)
• Make the necessary changes in Excel according to the instructions. Note! Remove the opening balance column from the current fiscal year report
• Print the accounts receivable list/balance sheet breakdown if you want to create corresponding data in Finago Modular Accounting

Actions in Finago Modular

• Create Accounting in the Company Menu
  • It is recommended to copy the voucher types from the selected template company, you can customize them more easily than creating them all from scratch
• Fill in the Accounting settings (at least the mandatory information for the transfer)
  • Company name
  • Main classification for accounting reports (Settings - General - VAT)
  • Lock date (e.g., if the transfer is made for a fiscal year starting on January 1, 2019, the lock date must be before this date)
  • Enable Common Chart of Accounts and common VAT codes or alternatively use your own accounts and VAT codes
  • Voucher type (e.g., 99 opening balances, tax-free)
  • Fiscal year and periods
• Go through the rest of the Accounting settings
  • General: go through all tabs
  • Create the remaining voucher types if you did not copy them during setup
  • Add bank account details to the Bank Accounts section if you receive electronic bank statements. Also, make sure that the bank account is found in the Menu after the company name in the Edit button's Bank Accounts section
• Import the balances from Tikon using the transfer files you created and compare the data with the corresponding reports in Finago Modular Accounting
• Check the accounts created in your own accounts after the transfer and create the accounts there whose name/direction you want to differ from the chart of accounts company, if a common chart of accounts is used. For example, it is advisable to go through the accounts in Tikon's own accounts
• Set the necessary accounts in the account settings as accounts for accounts receivable
• Enter the open accounts receivable transactions in Finago Modular accounts receivable (0 transaction = invoice) at the time of the transfer in Tikon
• Go through the necessary settings for Purchase Invoices here
• Go through the necessary settings for Sales Invoices here