Re :- How to Transfer GL Balance from One A/c to Another Account

Question

hii gurus
please tell me  how to transfer GL balances from one GL Account to another GL Account. Could u tell me T- Code for the same.

Answer 1

Hello
We transfer GL account balance from one GL a/c to another GL a/c in the following situations.
When the GL a/c need to be maintained in Open item Management, say GL a/c belongs to a Balance sheet item but you have forgot to check the Open Item Management check box and made entries to that particular GL a/c.
In this situation you can’t activate the Open item Management when the A/C is having balance, so first u need to make the GL a/c zero balance and than check Open item Management check box, follow the following steps.
Create another dummy GL a/c, say ABC and the GL a/c which you want to make zero balance is having Dr Balance. Now make a posting using FB50 or F-02, you Dr the ABC GL a/c and Cr the other GL a/c so that the GL a/c balance becomes zero, now go to GL master and check the Open item Management check box. And again make posting through F-02 Crediting the ABC GL a/c and Debiting the other GL a/c.
Reg