Guide
How to check your cap table after migration
Compare the two systems at the same effective date, then make sure the reports use the same definitions.
An issued-share report and a fully diluted report can disagree without either being an import error. Agree the definitions before you compare anything.
Begin with exact identifiers and quantities. Check shares by class and holder, grants by award ID, and historical activity by event. Verify vesting for ordinary and exceptional awards at selected dates. Look for missing documents, duplicate holders, altered currencies, and default values inserted where the source was blank.
Do not stop at matching totals. Two incorrect holder balances can offset one another. Work from the summary down to individual records, and give every difference an explanation or an owner. Finance should review accounting reports separately because differences may reflect configuration and assumptions as well as source data.
Approve the transition only when authorized reviewers accept the critical records and understand any remaining exceptions.