Change GL Account from P&L to Balance Sheet

Our client has created a bank account as a P&L Account and posted transactions to it. This was unearthed only when we were helping them close their books.
Now, we need to convert this account into a balance sheet account before closing the books. Please share the process to do this and advise necessary precautions.
Thanks
Anand
Moderator: Please, search before posting

Hi:
If you assign new account group and to old GL accounts then the number range defined for OBD4 for new account group may conflict with the GLs defined earlier.
To cater your requirement you have two options
Create NEW GL in FS00 for Bank with correct Account group assignment and transfer the Open item from Old GLs to New One using F-04. This is the simple way.
2nd option you have which probably is best suited if there are mass number of GLs involved and their account group is required to be changed. In that case you will have to create new Account group with same number range as created earlier so that existing GL (only if you want to make use of Old GL) could be assigned to them . If you don't do so you will not be able to change account group.
Whatever the option you adopt  after changing account group you will have to remap your new GL in FSE2 you will have to changing Mapping of FS items. This will correctly map Bank GL to current asset area.
Hope this piece of information will help you.
Regards

Similar Messages

  • Move account from P&L to Balance Sheet

    Hi ,
    The account in Tcode FS00 was earlier as a P&L account but has been changed to Balance sheet account.
    But even now after it being changed when one makes enteries its showing as P&L and not Balance sheet .
    Can someone please help me with this.
    Thanks a ton.

    Hi,
    F.01 shows FSV hierarchy. You will have to update it via OB58 and move the G/L to the relevant group.
    Regards,
    Eli

  • I want to change my account from US to UK

    I want to change my account from us to uk but the problem is I still have some money in the account around 0,9$

    You can try contacting iTunes support and ask them if they can remove the balance so that you can change countries : http://www.apple.com/support/itunes/contact/ - click on Contact iTunes Store Support on the right-hand side of the page

  • Change my account from country to other ..

    i want to Change my account from us to my country  ..
    in itune its force me to spend my money ..

    If you are no longer in the US then you can try contacting iTunes support via this page and ask them if they can remove the balance from your account :http://www.apple.com/support/itunes/contact/ - click on Contact iTunes Store Support on the right-hand side of the page

  • Can I change my account from US store to AU store when I still have credits?

    Currently there are still $17.32 (US Dollars) in my account. However, I am living in Australia now, it is somewhat inconvenient when I need to purchase some local apps. Therefor, I want to change my account from US to AU.
    There are few concerns I have:
    1. How can I deal with the remain balance? Can it transfer to AU$?
    2. How about the previous purchased apps? Are they still upgradeable?
    Many thanks.

    1. Click here and ask the iTunes Store staff to either put the balance back onto the cards or zero it. It can't be transferred into Australian iTunes Store credit.
    2. Yes, they are.
    (111231)

  • I just changed my account from the UK to the USA. Now, most of my songs are not available. How do i get them authorized?

    I just changed my account from the UK to the USA. Now, most of my songs are not available. How do i get them authorized?

    Downloading past purchases from the App Store, iBookstore, and iTunes Store
    iOS- How to transfer or sync content to your computer
    iTunes Store- Transferring purchases from your iOS device or iPod to a computer
    If you have non-purchased content then you need to use third-party software to transfer it to your iTunes Library - Phone to Mac - Pod to Mac.

  • I want to change the account from the creative cloud i cant cuz he said verify your email address !

    i want to change the account from the creative cloud i cant cuz he said verify your email address !
    its a fake email i want to change it i have a another account but i cant log out with that account

    http://helpx.adobe.com/x-productkb/policy-pricing/membership-subscription-troubleshooting- creative-cloud.html
    or
    Chat Now button near the bottom for Activation and Deactivation may help
    http://helpx.adobe.com/x-productkb/policy-pricing/activation-deactivation-products.html

  • HT201320 I have two email accounts. However, the iPad automatically uses the account that I only want to use for business. How can I change the account from which mail is sent and received?

    I have two email accounts. However, the iPad automatically uses the account that I only want to use for business. How can I change the account from which mail is sent and received?

    You are most welcome

  • Change my account from family to individual?

    how do I change my account from family to individual?

    Hey there!
    It sounds like you would like to know how to leave a Family Sharing group with your Apple ID. This article should help you do that, named:
    Leave Family Sharing - Apple Support
    Thank you for using Apple Support Communities.
    Cheers,
    Sterling

  • HT1918 Change iTunes account from Master Card to the Free account

    Change iTunes account from Master Card to the Free account

    You won't be able to redownload any of your UK purchases whilst you are in the US, you have to be in a country to use its store - and you can't merge purchases from two accounts or countries. No content should be removed from your device or computer's iTunes library if you change the country on your account, or create a new account and log into it.

  • HT2731 How can i change my account from US to Ireland setting. I can get apps as my account says US? Pls help rhanks.

    HOw can i change my account from US to Ireland setting as i cant install apps in Ireland. Pls help

    Change iTunes Store Country on an iDevice
    1. Tap Settings;
    2. Tap iTunes & App Stores;
    3. Tap View Apple ID;
    4. Enter your user name and password;
    5. Tap Country/Region;
    6. Tap Change Country/Region;
    7. Select the region where you will be located;
    8. Tap Done.
    Also, see How to Change Your iTunes Store Account Location | eHow.com.

  • Change GL Account from PL Item to Balasheet Item

    Hi ,
    one of our user Stock GL Account was created as a PL Item and in this GL Accounts Tranaction also posted .
    Now i want change from PL Item to Balancesheet Item
    and i dont want transfer this amount to another GL Account
    how i can change the Exiting one from PL Item to B/S Item
    Regards
    sure

    The only choice it is to make the account balance zero and in case it had a balance on the previous year do also run the balance carry forward program for this account.
    Afterwards, you should change the FH602 message on tx. SM30 for V_T100C, functional área FH, message number 602, from error (E) to warning (W).
    Now you can change the flag from P&L to BS.
    Regards,
    Abdali

  • How do I change my account from New Zealand to Canada? Have 17$ but if I have to lose it so be it.  BonZambia

    How do I change my iTones account from New Zealand to Canada?

    Are you moving to Canada?
    You can ask Apple to set the balance to zero (personally I would spend it down as much as possible).
    iTunes Customer Service Contact - http://www.apple.com/support/itunes/contact.html
    App Store Frequently Asked Questions (FAQ) - http://support.apple.com/kb/HT2001 when using iTunes --> "To change countries, scroll to the end of the iTunes Store home page and click the flag indicating the current country. To choose a different country, click the appropriate flag."

  • Changing iTunes account from Ireland to uk?

    Hello all,
    I've recently moved from Ireland to the Uk. Unblocked my phone changed supplier etc and all is fine. However when trying to change my iTunes account from Ireland to uk it keeps defaulting the address to Ireland - regardless if I input my uk address.
    I have 9¢ left on my Irish account but it won't let me do anything, I just want to start using iTunes uk!
    So my question to you all - how do I change my iTunes account from Ireland to uk? If I need to use a new email will I lose all my apps?
    Please help!

    Yes...
    tt2

  • Changing discount account from revenue

    Hi,
    referring to metalink document number 240123.1, which state that changing discount acount to account other than revenue account was unavailable and "may" be handled by future releases.
    Is this feature available now in R12? how can subledger accounting handles this?
    Thanks,
    Gerry

    it should ask you if you want to delete the content or keep it on the iPhone when you delete the icloud account from the phone

Maybe you are looking for