Facilitating the migration of financial data from a first financial consolidation application (FCA) to a second FCA. According to one aspect, transactions classified according to categories in the first FCA are migrated to the second FCA associated with values of dimensions, based on a mapping between the categories and the values of the dimensions specified by a user. According to another aspect, substructures storing break up information related to the transactions in the first FCA are migrated to corresponding subset of dimensions in the second FCA, based on the mapping between the substructures and the subset of dimensions specified by a user. Accordingly to one more aspect, accounts specified according to corresponding conventions in chart logics in the first FCA are migrated to the second FCA as corresponding portions of the account hierarchy, while ensuring that the migrated accounts are computed according to the corresponding convention.