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Apr 29, 2009 at 05:05 AM

Opening balances update after go live

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hi members,

is there a possibility to update the opening balances uploaded initially after we Go-live?

lets take an example, say, On the first day of the fiscal year i have uploaded vendors with an initial details consisting of 3 bills and later after going live i found that i need to upload another 2 bills.

I did my initial upload with the help of LSMW and will i be using the same transaction or anything other than this if i need to update the opening balances.

I think we will be using the Retained Earnings acct as the offsetting account in the LSMW template, if the bills are concerned with expenses and if not we will be using other balance sheet accounts. Correct me if i am wrong.

thanks in advance and its going to really help me

regards

suresh