Opening balance in cash Journal

[Former Member]

Hello Team,

I have created 3 cash journals.

But will be implemented in our clients company from 01.01.2014.

So transaction from 01.04.2013 to 31.12.2013 have a debit closing balance.

Now from 01.01.2014 client wants to start on production server.

Where do I enter opening balance as on 01.01.2014 in cash journal.

Please guide me.

Regards,

Bhavana

[msshihab1987 · Accepted solution]

Hi Friend,

So normally at the time of Opening balance upload we use an alternative clearing account. So you could use this clearing account for Creating a Business Transaction .

If you have a balance in your current Cash GL account You have to transfer this amount manually through FB50 or F-02 into this alternative Clearing account .

Then your Cash account balance will be Zero. After posting this You have to book a receipt in your Cash Journal . Then an entry will posted by debiting Cash account and Crediting this Clearing account.

Please don't allow manual posting into cash journal Gl account after this.

[former_member188028]

Regarding cash journal, everything has to be done in FBCJ only, Out of FBCJ transactions don't consider for cash journal balance.

[former_member204303]

Hi Bhavana

For Initial balance upload of cash Balance,

Create a business transaction in SPRO customizing for Cash journal, and then using this Business transaction in FBCJ, you can post your opening balance of cash.SAP Customizing Implementation Guide Financial Accounting (New)  Bank Accounting  Business Transactions  Cash Journal  Create, Change, Delete Business Transactions

Regards

[suma_mani]

Hi Bhavana,

1. If you are using same GL account as petty cash > You must transfer those balances in to other any suspense account.

2. Create one business transaction as Other receipts in Customization ( Type as R)

3. Do cash receipt posting through FBCJ

Regards

Mani

[Former Member]

Hi Bhavana,

You can configure Opening balance business transaction through FBCJC2 and assign op bal clearing account GL there as per below screenshot.

then, go to FBCJ in Receipts tab and select business transaction and post the entry as shown below:

Let me know if you need any help !

Thanks,

Ankur

[Former Member]

Hi Bhavana,

Please create new business transaction as Upload and assign the Upload GL Account.

Then Post the Opening Balance using this Upload Business transaction.

Lock this business transaction after your use.

Thanks,

M.Shiva Kumar