The Import Wizard allows you to import data directly into the New Company you are currently building.
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If there is a discrepancy with the actual setup of the GLR Module and your imported data, you may see some fields highlighted red. For example, say your Expense Category was setup to be between 5000 - 9999, but you imported a record for GL account number 3000 and marked it as an Expense Account. This will result in the Account # displaying in red. If the Category or Sub-Category does not actually exist, then those will also highlight in red respectively.
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