Inception-to-date balances on P/L accounts

What is the best approach to handle Inception-to-date balances on P/L accounts which get zeroed out during yearend close ?

Rajeev, I am not 100% sure what you wnat to do with these balances, please could you explain further and then maybe
I will be able to help you I have the same question. We track these for life to date reporting purposes on PL accounts. Where can they be stored in Oracle GL? And how?

Similar Messages

  • How to query the opening balance for an specific account for an spec. date

    Hi all,
    for my user query I need to calculate the opening balance for an cash account for an specific date.
    Any ideas, how can I do this?
    Or may be you know a field in an SBO table that already contains information I need...
    Best Regards,
    Inna

    Hi Inna,
    to find the opening balance for an account or a business partner, please see SAP Note [1114253|https://service.sap.com/sap/support/notes/1114253] :
    Symptom
    How to find the opening balance of a business partner or G/L account.
    Other terms
    Account, customer, supplier, vendor, creditor, debitor, start, initial, first, opening balance, business partner, G/L, SAP Business One
    Reason and Prerequisites
    Consulting
    Solution
    There are several possible approaches:
    Approach 1 - Business Partner Opening Balance:
    1. Go to Business Partners -> Business Partner Master Data -> find the Business Partner
    2. Click on the orange link arrow next to the field 'Account Balance' in the header region of the window.
    3. Untick the boxes next to 'Posting date from', 'Display' and 'Display Unreconciled Trans. Only'.
    4. Click on the button 'Refresh'.
    5. Find 'OB' in the column 'Origin', this is the opening balance journal entry.
    Approach 2 - Business Partner Opening Balance:
    1. Go to Business Partners -> Business Partner Master Data.
    2. Click on the orange link arrow next to the field 'Account Balance' in the header region of the window.
    3. Untick the boxes next to 'Posting date from', 'Display' and 'Display Unreconciled Trans. Only'.
    4. Click on the button 'Refresh'.
    5. Double click on the column header 'Posting Date' to find the earliest transaction on the business partner account. This transaction could be opening balance, verify this with the company accountant.
    Approach 3 - G/L Account Opening Balance:
    1. Go to Financials -> Chart of Accounts -> click on the account name once.
    2. Click on the orange link arrow next to the field 'Balance'.
    3. Untick the boxes next to 'Posting date from', 'Display' and 'Display Unreconciled Trans. Only'.
    4. Click on the button 'Refresh'.
    5. Find 'OB' in the column 'Origin', this is the opening balance journal entry.
    Approach 4 - Business Partner and/or G/L Account Opening Balance:
    1. If using SAP Business One 2005 SP01 or earlier, go to Reports -> Query Generator -> click on 'Execute'.
    2. If using SAP Business One 2007 or later, go to Tools -> Queries -> Query Generator -> click on 'Execute'.
    3. Ignore the red system message in the bottom of the screen.
    4. Click on the pencil icon in the top left of the window, the field with 'SELECT *' will change colour to white, then yellow when activated by clicking in the field.
    5. Copy the query below:
               SELECT T0.[TransId], T0.[Debit], T0.[Credit] , T0.[CreatedBy], T0.[TransType] FROM [dbo].[JDT1]  T0 WHERE T0.[TransType] = '-2'  and T0.[ShortName]  = '[%1]'
    6. Click on 'Save' and give the query an appropriate name and select the appropriate category.
    7. Click on 'Execute'.
    8. Click on 'Existing Values'.
    9. Select the G/L account or the Business Partner name from the list and click on 'OK'.
    10. The system message 'Records retrieved by this query #' (# = number of records) will pop up. Click on 'OK'.
    All the best,
    Kerstin

  • Problem in getting opening balance for multiple GL Account

    Hi,
    I am working on a  Trail Balance Report in which i am trying to fetch the data for the opening balance for multiple GL Accounts but it is not coming accurate.. Here is the link to the code which i am using currently right now:-
    http://docs.google.com/View?id=dfxswwff_13fgpdcbgt
    here i am showing the logic for the data of previous year only... i.e. data from begining to 1 day less of the date-low.

    Hi,
    It is a tranparent table which is getting data from the 2 other tables,the filling of this table is right. The execution of this query is right in the program but the problem comes when it is trying to calculate the opening balance for the respective GL Account present in the query it is not doing it. i.e. if there are 2 gl account ids having 3 rows of data each it is not calculating the of it in a single row.. i hope it is clear now...

  • Possibility to show opening balance of a GL account through SQL query?

    Hi experts,
    Is it possible to run an SQL query in SBO that shows the opening balance
    of a GL account based on a date entered by the user?
    This is similar to how the general ledger shows the opening balance of a GL account based on the posting dates entered.
    Thanks for your ideas.

    Hi Gordon,
    Thanks for that idea.
    I am thinking of the following:
    1. Create a virtual table (#TEST) from a SELECT statement that gets all journal entries for the specified GL account BEFORE the specified posting date.
    2. Perform a SELECT statement that sums the debit and credit from (#TEST).
    This should show the opening balance of the GL account right?
    Regards,
    Eric
    Edited by: eceguerra on May 18, 2011 7:02 AM
    Edited by: eceguerra on May 18, 2011 7:02 AM

  • Upload Opening balance of G/L accounts from legacy system to SAP, and also

    Hi Gurus,
    How to upload Opening balance of G/L accounts from legacy system to SAP, and also Vendor and Customer balance.
    My Doubt is when you upload the customer balance and vendor balance will it effect the sundry debtor account and sundry creditor account if not the how will the sundry debtor account and sundry creditor account will be posted with the balance. Please send me the general entry passed for posting the same.
    What I understood is that when we are uploading the customer and vendor balances through LSMW, no entry will be passed and it will update the customer and vendor sub ledger in FBL1N and FBL5N but it will not affect the sundry debtor account and sundry creditor account.
    To give effect to sundry debtor account and sundry creditor account we need to manually pass a journal entry as follows.
    1)  Sundry debtors account A/c -
    DR
          TO clearing account A/c
    2)     clearing account A/c -
    dr
         Sundry creditor account A/c
    Please let me know whether iam correct
    Also please tell me what will be the scenario for uploading of the assets balances through LSMW.
    THANKS AND REGARDS
    MV

    Hi,
         When you uploading any data from legacy system to sap normally we will be using LSMW or BDC,thru this we will be uploading master data like G/L,vendor,Customer and asset master these are the some examples and we will upload transaction data also that is P&L Account and Balance sheet.When we do uploading data thru LSMW system will update all the values of vendor,customer and asset values as well as subsidary ledger also.No need to do manully.
    Regards,
    satya,
    FICO

  • No zero balance for GR/IR account  between Document curr and Group curr

    Dear Experts,
           I have problem about balance in GR/IR account while posting GR and MIRO between Document currency and Group currency , there are no zero balance . Pls see step by step below:
    1.  Company Code ABC have    Company code currency = THB
                                                       Group Currency  = USD
    2.  I created PO with document currency = SGD
                   Amount in SGD = 269.78
                   Exchange rate =   23.59740  (SGD/THB)
    3.  Goods Receipt
                    Posting date = 13.03.2010
                    Exchange rate =  23.59740  (SGD/THB)
    FI Doc.
                  Document Curr.
                       Dr. Expense   269.78      SGD                                     6,366.11    THB
                              Cr.  GR/IR  269.78-   SGD                                     6,366.11-    THB
                 Group Curr.
                       Dr. Expense     193.81      USD                                  6,366.11    THB         
                              Cr.  GR/IR  193.81-     USD                                  6,366.11-    THB
    4.  Invoice Receive
                    Posting date = 01.04.2010
                    Exchange rate =  23.70920  (SGD/THB)    
    FI Doc.
            Document Curr.
                       Dr. GR/IR              269.78    SGD                                  6,366.11     THB
                       DR. Exch diff          0          SGD                                   30.16          THB
                              Cr.  Vendor   269.78    SGD                                   6,366.11    THB
              Group Curr.
                       Dr. GR/IR              192.02    USD                                   6,366.11  THB     
                       DR. Exch diff          0          USD                                   30.16          THB
                              Cr.  Vendor   192.02    USD                                   6,366.11  THB
    My question are;
    1. Why amount in group currency with GR/IR between GR and MIRO step didn't 0 balance ,no post currency diff?
    2. This is an error from standard program or It's relate to configuration via t-code "OB22" or "OBRW" ?
    Best Regards.
    Edited by: nasalapoa on Jun 16, 2010 4:02 AM
    Edited by: nasalapoa on Jun 16, 2010 5:38 AM
    Edited by: nasalapoa on Jun 16, 2010 9:00 AM

    As per my understanding it could be due to OB22 settings.
    refer following SAP notes
    335608,191927,
    373296

  • Trial Balance displayed in GL Account currency

    Dear experts,
    I am working with a client implementing an SAP All-in-one Best Practice UAE version.
    The Client asks to have a Trial Balance of the GL accounts with 3 currencies view.
    1st view column:  Account Currency
    2nd view column: Local Currency
    3rd view column: Group Currency
    I tried the T.Code: S_PLO_86000030 ... and when i tried to put the currency type (80) -- which is the ledger currency and which is what the client asked for ...However the system is not allowing me to do so and generating an error msg "Enter a correct currency type:
                                     --  Message no. GH102
             Diagnoses       -- You want to see data for a currency type that is not kept in the ledger concerned.
    Sys. Response       -- The program cannot be run.
              Procedure      -- Check your entries for the currency type and ledger. Also check the valuation (legal,management,
                                        corporate group) of this ledger in Customizing.
    And i am only able to choose from the currency types: 10 -- Company code currency
                                                                                    30 -- Group currency
    So can anyone advise me and help me in this issue ????
    Your reply is well appreciated.
    For more info. and additional explanation plz let me know.
    Nabil Fares

    the currencies r found there as 1st currency Local Currency LBP and 2nd currency: group currency USD for all company codes in the parent. T.code OB22 .. they are found ... there is still the 3rd currency empty or available .. but yhe ledger currency that i want in the report which is Currency code 80 is not found from the report of the Account Balances using the T.code S_PL0_86000030 - G/L Account Balances (New)
    I want the report to generate the balance in the Account Currencies and not in ( 10 - Local currency or 30 - group currency ). using the T.code OB22 i only have the options (10,30,40,50,60 --- Company code currency, Group Cur, Hard cur, Index based cur. and global company cur .. respectively) ... So how can i got the result of my Balance in the Account currency which is Ledger currency type 80 ???
    Thanks in advance ....

  • Project To Date Balances

    I understand that we can create project segments (even more than one) in a chart of account structures and add values to these segments (via value set). Oracle will automatically maintain project to date balances for each value based on the start date we have specified for the value.
    My question is how does Oracle know that this particular segment is a project segment. In order to maintain project-to-date balances for the projects (values in the segment) Oracle needs to know that which segments are project segments. Thanks.

    Uhh, technically Oracle does not know that a segment of your general ledger key flexfield is a project segment. There is no identifier that you can assign to a segment that says this is a project segment.
    For example, you could call segment 1 Company. Segment 2 could be Region. Segment 3 could be called Project Segment. You would assign a value set to Segment 3 that would contain your project numbers. Each value (project number) would have a start date and an end date on that value.
    So when picking account numbers, the user would have to find the account number that contains the project number, in segment 3, that they want to use.
    So you and your users would have to know what segment(s) are considered the project segments when want to do inquiries and reporting.
    Does that make sense?
    We at McCarthy are a construction company and heavily into project reporting. But we use Oracle Projects to handle this. We don't use the general ledger to do project tracking. General ledger might be okay, in my opinion, if you only have a small volume of projects to track, but if your company is heavily project based, then I don't think the general ledger is the way to go.
    Hope this makes some sense. Try not to take the Oracle documentation too literally. I think Oracle just stuck that in there because of Oracle customers not using Oracle Projects who still wanted a way, in the general ledger, to track project information, and Oracle telling them this is how they can do it. They are saying just make sure you build your account structure so that you can meet this kind of requirement.
    John Dickey
    Edited by: John Dickey, McCarthy on Apr 28, 2010 12:23 PM

  • How to set up shared use of "Contacts" data w/ 2 individual user accounts?

    How to set up shared use of application "Contacts" data for two individual user accounts?

    Link the contacts in one user account to a online cloud based system like Google or apples iCloud and then link the second user to that same online account. This could cause some slight problems if both people maintain their own online account to either of those systems on a phone or pad.

  • I have a balance on my itunes account that I want to use but it wants a code (because of a new phone), the card is gone.  how do I use my balance?

    I have a balance on my itunes account that I wan to use before it expires.  I have a new computer and new iphone, so itunes wants a code from the back of the card.  The card is long gone.  How do I use my balance without this code?

    As I said, some items cannot be purchased with an existing credit on an account no matter how much it is.  It can only be purchased with a charge to a credit card.

  • Due date analysis for G/L account

    Hy!
    I need to make a report that makes due date analysis for G/L accounts similar to S_ALR_87012078 Due date analysis for open items
    for Account payable.
    Has any one experience with that and can help me with that?
    Regards,
    Marina

    Hi Marina,
    its a bit surprising why you require due date analysis for GL accounts as GL accounts are used for realtime posting and no credit involved. Only AR and AP accounts contain credit, so they may be even over due and thus we require ageing or due date analysis.
    If transaction is on a cash basis should be posted to GL not to Subledger. Since there is no due date system for GL posting due date is not possible which makes sense too.
    Hope this gets a better clarity for you.
    Regards
    Bharat

  • How do you pay the outstanding balance on your iTunes account?

    I have an outstanding balance on my iTunes account somehow, and o can't download anything or update anything on my phone, it just tells me to update my card info and then tells me my security code is invalid. Which it's not. I could update my stuff on the computer but I had to uncheck the box that says "authorize this card to pay the outstanding balance on your account" I have enough money to pay the balance, but I just wanna know know
    How to pay the dang thing so I can fix everything and make it so
    I can download the stuff again.

    Settings>iTunes and App Stores>Apple ID>View Apple ID>Sign-in>Payment Information

  • HT1918 I have 2 iTunes accounts. How do I transfer the balance to the new account and then delete the old one?

    I have 2 iTunes accounts. How do I transfer my balance from the old account to the new account and then delete the old account?

    i dont think that is possible, but then again, anything is possible. probably gonna have the best luck by contacting itunes / http://www.apple.com/support/contact/

  • How can I change my account on icloud without losing all my data and suppressing the former account. I just need to change the email address... TKS

    I changed my email address, how can I keep my icloud data without cancelling my former account...?

    Hey there Fonz111,
    It sounds like you have a new email address you would like to use to replace the email address you are currently using for your Apple ID, without losing any of the info you have in the account. You can update the email address with this article named:
    Apple ID: Changing your Apple ID
    http://support.apple.com/kb/ht5621
    To change your Apple ID, follow these steps:
    Go to My Apple ID (appleid.apple.com), click "Manage your Apple ID", and sign in.
    If you have two-step verification turned on, you'll be asked to send a verification code to the trusted device associated with your Apple ID. If you are unable to receive messages at your trusted device, follow the guidelines for what to do if you can't sign in with two-step verification.
    In the "Apple ID and Primary Email Address section," click Edit.
    Enter the email address you want to use, then click Save Changes. Apple will send a verification email to that address.
    Open the email from Apple, then click Verify Now in the email.
    When the My Apple ID page opens, sign in with your renamed Apple ID.
    If you have two-step verification turned on, you'll be asked to send a verification code to the trusted device associated with your Apple ID.
    After you see a message indicating that verification is complete, remember to update all of the stores and services that you use with your Apple ID.
    Thank you for using Apple Support Communities.
    All the very best,
    Sterling

  • HT5035 Can I transfer a gift card balance from one itunes account to another?

    Can I transfer a gift card balance from one itunes account to another?

    iTunes Store Terms of Sale:
    "Gift Certificates, iTunes Cards, Content Codes, and Allowances, in addition to unused balances, are not redeemable for cash and cannot be returned for a cash refund (except as required by law); exchanged; resold; used to purchase Gifts, Gift Certificates, or iTunes Cards; used to provide Allowances; used for purchases on the Apple Online Store; or used in Apple Retail Stores. Unused balances are not transferable."
    http://www.apple.com/legal/itunes/ww

Maybe you are looking for