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Former Member
Mar 12, 2009 at 04:41 AM

Opening balance



My client has gone live in 1st march 2009.The closing Feb is on 10th of march after that the TB will be ready.

Now i have to import the data of Jan and Feb for the opening balances,

We have decided to import the A/R,A/P invoices as service invoices,stock and the G/L balances.

1.When i import invoices automatically BP balance will be updated and the G/L balances which i select in the invoices.

2. When i import the item balances stock will be debited and expense account(i.e in this case opening balance will be credited)

3.When i import the G/L balances the G/L will get debit/credit and opening balance account wil be credited/debited.

I have gone through the details for opening balances it says the opening balance account should be zero at the end.will this happen at the end.

And also suggest me the order of import.i have planned stock then invoices then G/L is it correct?

If in case it is not zero how to der any method.

This is first i am uploading the opening balance.please help



Md.nazeer Shaikh