For each asset & liability, you will need to determine closing balances (values) in the original entity & set up/enter opening balances in these accounts under the new entity.
For each employee, you also need to determine their YTD amounts for each Payroll Item & "Setup YTD Amounts" in the new entity. The "Hours available ..." for each of their different leave balances also needs to be entered under their applicable Leave tabs also.
Shaz Hughes Dip(Fin) ACQ NSW, MICB
Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)
Accounted 4 Bookkeeping Services
0422 886 003