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Former Member

Opening and Closing Balances -SAP

Hi experts

please explain me about the Opening and Closing Balance in SAP? and what is the use of Opening and closing Balance?

regards

anand

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    Former Member
    Posted on May 04, 2011 at 06:15 AM

    Hi Ananda

    opening balance : when ever u run any financial report for example a ledger profit and loss account then it has a opening balance and a closing balance

    say for example if we see the balance of our cash account in sap at end of the day today then we can consider the balance as x amount as closing balance and when again tomorrow there is some transaction in the same account than this x Amount is considered as the opening balance for tomorrows date

    Hope this would suffice your Concern

    Regards,

    Manish

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    • Former Member Former Member

      thanks ananad

      I would appreciate ur saying.. do write back if i can clear any more confusion regarding any question

      Regards,

      Manish

      Edited by: manish.malik on May 4, 2011 12:06 PM