Skip to Content
Former Member
Jan 30, 2009 at 06:02 AM

GL Accounts Opening Balance Window


HI Experts,

Right Now I want to manually enter the opening balances of G/L accounts.I am working on the project for a Service Industry who don't maintain any Inventory (Non-Perpectual Inventory). I am having some doubts after these steps..

1. In the SAP Business One main menu, choose Administration ® System Initialization ® Opening Balances ® G/L Opening Balances.

The G/L Opening Balances u2013Selection Criteria window appears.

2. Set the required G/L account range, and then, choose OK.

The G/L Opening Balance window appears.

3. If the fiscal year does not start on January 1st, change the Date to the required date. Enter offsetting G/L account in the windowu2019s header, and fill in the relevant details.

Here in "Opening Balance Account" Field, I am not sure which account to be enter for the opening balance transactions.

Can you guide me in this.