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Former Member
May 30, 2011 at 11:35 AM

opening balance differs with closing balance

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Hi

I have a scenario where opening and closing balance (Previous period/year)of g/l accounts are different (for differernt currencies except company code currencies) .It is a customized report where the system is taking the value of recently maintained Exchange rate for calcualting opening balance (based on sy- datum ) while closing balance is calculated with the formula (Opening + Debit Amt - Credit Amt.)

Requirement is that closing balance should be equal to opening balance of next Period /Year

Kinldly let me know how to solve this problem

Thanks in advance

Regards

Praveen P C