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Jan 05, 2011 at 07:08 AM

GL opening balance

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Hi,

An account was balanced to 'Zero' on December 31. The entry for this was passed in January 2011 with a posting date as 31 Dec. Fiscal year is Jan to Dec and the books have not been closed yet.

Now, if I see the account balance as at 31 Dec 2010, it shows zero balance. But, when I run FS10N for 2011, the same account is showing the value of the document posted last as 'Balance Carried Forward'. Actually, it should be 'Zero'.

Please let me know if this is a standard behaviour. Is this because the Entry date of the document is in January?

Thanks

Muru