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author's profile photo Former Member
Former Member

Initial Upload - On Go Live

Hi Gurus,

Please tell me how can i upload initial balances, what should be the Journal Entries which should be passed?

Please revert asap.

Thank You

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 25, 2007 at 10:10 AM

    Hi

    For uploading of transaction you have to create a GL account called "initial upload account". This Initial upload account will not be assigned in the financial statements. These accounts will lie in the unassigned category in FSV assignments.

    Thus for example when you are uploading an expenses

    You Debit the expenses and credit the upload accounts.

    Thus the upload account at the end will become zero.

    Cheers

    V.Krishnan

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