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Former Member

Reg.opening Balance

Hi all,

Can any one tell me what are the points to be kept in mind while Entering the Opening balances for stock,G/L,BP in SAP B1 2005B Version PL 40.

What is the procedure to enter these 3 types of balances.Whether i have to create individual opening balance A/c. in the Chart of accounts for this.

And tell me how to cross verify whether the datas entered by me as a opening balance for all these 3 types are correct or not.

Thanks in Advance,

M.Badrinarain.

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3 Answers

  • Best Answer
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    Former Member
    Sep 01, 2008 at 06:26 AM

    You can check this thread to find more info:

    opening-balance-urgent

    Thanks,

    Gordon

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    • Former Member Former Member

      Hi,

      I have created 4 opening balances account.

      1 for GL A/C Opening balance.

      2 for Vendor Balance.

      3 for Customer Balance.

      4 for Opening stocks.

      in the asset drawer.

      I have used the concern Opening balances A/c while Entering the relevant opening balances.

      After Completeion of All opening balance entries.I checked the balances of opening balance a/c whether it is nullified or not.But all these 4 Opening balance a/c. shows balances in values.it doesn't get nullified.

      GL Opening bal. A/c.,Customer Opening Balance A/c.,Stock Opening Balance A/c. shows values in -ve .& Vendor opening Balance a/c. shows +ve values.

      Is it Correct or not.

      Thanks in Advance,

      M.Badrinarain.

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    Former Member
    Sep 01, 2008 at 06:13 AM

    hi,

    Create a a opening balence account in euity ,post all the OB from this account ,atlast after all the opening balences this account will come to zero ,if all ur postings are correct

    Regards,

    Naresh k

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    Former Member
    Sep 01, 2008 at 09:33 AM

    Still i didn't get exact solution

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