Skip to Content
author's profile photo Former Member
Former Member

Balance transfer

Dear Experts,

For balance transfer I have created 5 conversion accounts ( GL conversion,Customer Conversion ,Vendor Convrsion,Stock conversion and Asset Conversion accounts).

Now can anyone please tell me how I will do the balance transfer - What accounting entry in SAP and How:?

Suppose my Balance is below:-

Customer= 1000000

Vendor= 2000000

Asset= 3000000

Stock=1000000

GL=3000000(Debit)

GL=4000000(credit)

I need the suggession, please right answer will be appreciated and get points.

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

4 Answers

  • Posted on Jun 15, 2012 at 06:11 PM

    Hi Mridula,

    There is an error in your example. Always trial balance should be tallied.

    I've made changed to vendor balance to make total debit - credit = 0.

    Customer 1,000,000.00

    Vendor (4,000,000.00)

    Asset 3,000,000.00

    APC - Accumulated depreciation (4,000,000.00 - 1,000,000.00)

    Stock 1,000,000.00

    GL 3,000,000.00

    GL (4,000,000.00)

    Journal entries would be as below...

    DescriptionDebitCreditCustomer 1,000,000.00
    Customer Conversion Account
    1,000,000.00


    Vendor
    4,000,000.00 Vendor Conversion Account 4,000,000.00



    Asset APC 4,000,000.00
    Asset Accumulated Depreciation
    1,000,000.00 Asset Conversion Account
    3,000,000.00





    Stock 1,000,000.00
    Stock conversion Account
    1,000,000.00


    GL 3,000,000.00
    GL
    4,000,000.00 GL Conversion Account 1,000,000.00






    Final Entry

    Customer Conversion Account 1,000,000.00
    Vendor Conversion Account
    4,000,000.00 Asset Conversion Account 3,000,000.00
    Stock conversion Account 1,000,000.00
    GL Conversion Account
    1,000,000.00


    You need not post any entry manually to stock. When initial stock upload is done from MM side, the system will automatically post stock related entry.

    Hope this clarifies your doubt.

    Best Regards,

    Madhu

    Excuse Typos, if any.....

    Add a comment
    10|10000 characters needed characters exceeded

    • Hi Mridula,

      Normally, global company codes parameters are assigned to leading ledger and region specific parameters are assigned to non-leading ledger. I'm not sure why common COA and group COA are discussed here. The purpose of group COA is more for global consolidation and reporting.

      Your question needs a detailed analysis of the design and then prepare adequate cut over plan.

      Best Regards,

      Madhu

  • Posted on Jun 15, 2012 at 07:24 PM

    Hi,

    I am not sure but maybe this documentation can be helpful for you.

    http://help.sap.com/saphelp_banking80/helpdata/en/b5/033f4626904ce2b82fc747649a9daa/content.htm

    Regards,

    Cristiano

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Jun 16, 2012 at 02:21 AM

    Balance transfer means balance carry forward to next year or migration from non-SAP to SAP?

    If it is non-SAP to SAP, create one initial balance transfer / upload account for each account type and do it.

    If it is balance carry forward, use F-07 and transfer them.

    Thanks,

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jul 03, 2012 at 12:55 PM

    Narasimhulu's dubt are correct.

    If you need to migrate data from non sap system, you can use LSMW (application and transaction) or ECatt (T-code: secatt ) .

    Migrating sap -2- sap you can use data migraton workbench. in order to create a have to migrate

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.