Posting G/L Opening balances

[Former Member]

Hi All

Please assist me with this problem , I was capturing opening balances and then I had a problem when i was capturing opening balance for Accounts Payable account. The account is set as a control account and now I can't create a opening balance for this account.

Is there a work around for this .

Thanks

Bongani Dlamini

[Former Member]

Hi,

For CONTROL ACCOUNTS, such as A/R and A/P, there are to ways to enter the opening balance:

1. Per Business Partner (Balance per Customer or Vendor)

2. Per Document (Balance per Open Document as of go-live date)

As per my experience and my suggestion is that you use #2. Get all open invoices both from customer and vendors and enter them invidually as preliminary A/R and A/P invoices, document type SERVICE. The account to be used should be A/R or A/P G/L (control) accounts.

After go-live, receiving payment and making payments for these invoices will then be easy.

Laurence Resubal

[jitin_chawla]

Hi,

It is not possible to enter opening balance of control accounts as it's

a system definition. The reason for that is each business partner

opening balance transaction would be record into the control account as

well. There are two feasible options:

1.To enter the open invoices for the BPs as opening balance one by

one;

2.To define the Opening balance for each BP under Adm.-> Sys.

Ini->Opening balance-> Business Partner Opening Balance window

Make sure that the BP control account defined for the BP is the one

you want to post the opening balance to.

Regards,

Jitin

SAP Business One Forum Team

[Former Member]

Please check this thread first to see if it helps you:

Thanks,

Gordon