Conversion of Open and Closed Items

Convert only open items or convert both open and closed items. Make this decision based on the requirements of your system, the quality of data in your existing system, the amount of historical data that you want in PeopleSoft Receivables after conversion (before ongoing processing begins), and the level of effort that you can devote to the conversion process.

The advantages of converting only open items include:

• Less complex interface programming requirements.

• Smaller conversion effort, in terms of the amount of data and related balancing activity.

• Simplified table setup for areas such as entry type and entry reason definition.

  If the codes that are used in your existing system have changed over time, it may be simpler to create corresponding codes in PeopleSoft Receivables only for planned, ongoing use.

The disadvantages of converting only open items may include:

• No historical data available in PeopleSoft Receivables for history areas such as average days late.

• Research into closed items through your existing system, either online or through reports, during whatever period of time the accounts receivable and credit personnel need the closed item information.