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Former Member
May 26, 2009 at 02:30 PM

Opening Balances

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I have a customer who is going live shortly. Their fiscal year is from January 1 to December 31 so they will be going live in the middle of the year. Their fiscal year does not run by month. They want to enter G/L balances for all periods in 2009. That is enter G/L balances at end of 2008; enter G/L balances at end of Period 1, Period 2, etc. At Go Live, we need to enter BP balances and inventory.

Does anyone have a procedure for this? What are the possible trouble spots?

Thanks.

Marilyn Harbour