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How to Migrate Open Balance in zuora Data Migration

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How to Migrate Open Balance in zuora Data Migration

The Following steps must be followed during the migration of open Balance in Data Migration:

1.All the open invoices will be added up and will be loaded as a single amount on the account.
2.Product Name - Open Balance Product
Rateplan Name - OpenBalance with One-Time and Flat fee charge must be setup
3.Once the catchup Bill run is over for the normal subscriptions,single subscription has to be loaded over each each account with the open Balance rateplan.
4.The price of its charge(s) in this rateplan will need to be overridden to the open balance amount(s) of that particular account
5.The date of the subscription depends on the requirement
6.IsInvoiceSeparate flag in the subscription must be set to true so that this invoice will be seen on the account separately
7.A bill run should then be created, for only One-Time charges, with the TargetDate as the effective date of these open balance subscriptions. This will create invoices for the open balance amount.