On the day before you begin using Flare (your conversion date), run a trial balance in your previous accounting system. The trial balance should be run from the first day of your fiscal year up to and including the day before you begin using Flare. Ensure that the trial balance total debits equal total credits.
Example: If your fiscal year is January 1st to December 31st and you will begin using Flare on June 1st, run a trial balance for the period January 1st to May 31st. The trial balances will become your opening balances in Flare.
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