Opening balance account drawer

Dear Team ,
I want to create my opening balance clearing accounts like
1.BP Balance clearing account
2.Inventory Balance clearing account
3.G/L account balance clearing account
anybody help me to put these accounts in which drawer ?
and how put the balances sign + or - ?
regards
Sanu Var

Hi Sanu,
Please check below link.
SAP Business One 8.82 Opening Balances
Input all opening balance in G/L account
Business One Training Materials for Opening Balances
SAP B1 opening balance
GL Account balance upload
Hope this helps
Regards::::
Atul Chakraborty

Similar Messages

Opening balance account for BP

Hi Experts,
I want to enter the opening balance account for BP. I want to know is there separate criteria for setting opening balance account for Customer and Vendor and which drawer??
Thanks in advance
Subhradip D

Sure Joseph.....
Lets take two scenarios....
First Scenario:
Just consider you have setup a new company who has no Openings and you started transactions and its BL and P&L builds as per the transactions you made in SAP.
Now after an year end when you do Period End Close then P&L becomes nil and ready for getting built for next year transaction so when you do PEC its balance shifts to Equity. And Assets and Liability remain same.
Second Scenario:
Now you consider that you have setup SAP where you need to punch Opening for 31 Mar. This time you no need to punch Revenue and Liability as you have already done PEC in your legacy software. and You punch only Assets and Liability. SO Offset account for Opening always keeps in Equity.........
This is my logic......
If you have some different view then you are most welcome to share......
Thanks & Regards,
Rahul

Opening Balance Account

Hi Experts,
I have a doubt regarding entering Opening balances for Business Partner, G/L and Item Master.
I created 3 different opening balance accounts in Equity Drawer for Business Partner, G/L and Item Master.
After entering opening balance, when these accounts will get cleared since this is Offset accounts.
Thanks
Andre

Hi Andre,
Please find the procedure which I follow to import the OB:
Create 1 offset account each for GL, Items , Customer & Vendor (you can create these in any drawer as the impact of these would be zero after importing OB's.)
Import OB of BP which would result in the following JE:
Customer (control account)--- Dr 100
OB Offset account--- Cr 100
and similarly for vendor;
Vendor (control account)--- Cr 100
OB Offset account-- Dr 100
Import OB of items which woudl give the following JE:
Stock-- Dr 100
OB Offset account-- Cr 100
Import ob of GL, now here, replace the control accounts (customer/vendor) with the offset accounts used for customer & vendor, replace the inventory account with the offset account and use the GL offset account for Debit and credit templates.
The advantage of having separate accounts is that in case if any of the OB's are wrongly imported, the values would be separate.
Hope this helps.
Thanks,
Joseph

Supplier Opening Balance Account wise

Hi Team
I would like to design a report which prints the Supplier Opening Balance Account wise along with the Total of Debits and Total of Credits for the Account selected.
Example
If user selects the Account Segment value : 142100 the report should display all the Suppliers corresponding to this Account code with Total of Debits and Total of Credits.
Please help me.
Regards
Nakul Venkatraman

HI Nakul ,
will this query be useful ?
select pov.VENDOR_NAME,gb.BEGIN_BALANCE_CR_BEQ,gb.BEGIN_BALANCE_DR_BEQ
from po_vendors pov, gl_balances gb
where pov.ACCTS_PAY_CODE_COMBINATION_ID = gb.CODE_COMBINATION_ID
and pov.ACCTS_PAY_CODE_COMBINATION_ID = :bind_variable
Thanks&Regards
[email protected]

Clearing opening balance account

Hello,
We have a balance in the opening balance account from the import of the different transactions. How could we clear them.
Thanks
Vani

Vani,
It will depend on what you have imported using this opening balance GL and what remains to be imported.
Suda

Import opening stock on opening balance account in G/L

Hi,
Which template do i use to import the opening stock of the items. The items are already imported with oitems & oitems prices ! Now i need the opening stock level booked in SAP on my opening stock account in the G/L.
Thanks
Mark

Hi,
Joseph Antony is correct.
For item opening balance, use oStocktaking.
Thanks and Regards,
Senthil Maruthappan.
Team Work Never Fails
Edited by: Senthil Maruthappan on Jul 4, 2009 2:08 PM

GL Accounts Opening Balance Window

HI Experts,
             Right Now I want to manually enter the opening balances of G/L accounts.I am working on the project for a Service Industry who don't maintain any Inventory (Non-Perpectual Inventory). I am having some doubts after these steps..
1.      In the SAP Business One main menu, choose Administration ® System Initialization ® Opening Balances ® G/L Opening Balances.
The G/L Opening Balances u2013Selection Criteria window appears.
       2.      Set the required G/L account range, and then, choose OK.
The G/L Opening Balance window appears.
       3.      If the fiscal year does not start on January 1st, change the Date to the required date. Enter offsetting G/L account in the windowu2019s header, and fill in the relevant details.
Here in "Opening Balance Account" Field, I am not sure which account to be enter for the opening balance transactions.
Can you guide me in this.
Thanks
Manickam

Dear Manickam,
Create one opening balance for G/L account and pick it in the opening balance field and it is only temporary account and doesn't affect your balance sheet
Regards,
Mukesh

GL Account Opening Balance

Hi All,
Can any one suggest me is there any way to upload the GL account opening balances automatically, rather posting it mannually.
Which will facilitate us to validate the accuracy of the data before uploading the same and time taken for doing it mannually will drastically reduce.
Thank you in advance.
Regards
N.Narayana Swamy

Hi
When you open 'Administration -> System Initialization -> Opening Balances -> G/L Accounts Opening Balance' and load the opening balances for G/L , SAP inturn creates Journal Entries to transfer credit or debit amounts from a specified opening balance account to one or more G/L accounts.
So you can use the Journal Entry Templates available in the following folder to load opening balances thro DTW:
C:\Program Files\SAP\Data Transfer Workbench\Templates\Templates\oJournalEntries

Opening Balance of Banks in G/L Accounts

When I want to Show the opening balance in Bank ( G/L ) Accounts I am following the sequence mentioned Below. But It is not clear for me . Can U guide me.
Administration -> System Initialization -> Opening Balances -> G/LAccounts Opening Balances In G/L Accounts Opening Balance Screen when we select Specific Bank G/L Account Number the same is Disappearing from the list of G/L ACCOUNTS. Due to this I am unable to enter Opening Balance for the required Bank. What is the reason.
May be my procedure is wrong, please guide me.

Santosh,
As I suggested in one of my earlier messages, You may use Journal Entry to bring in Opening Balances.
Debit Bank Account G/L
Credit Opening Balance Account. (this is the account you would be creating to balance all the opening balance import)
Suda

How can i import Customer/Vendor Opening Balances - Invoice wise

I am going on a parallel run from next week onwards and the Client want to import all Customer/Vendor Opening Balances invoice wise , so that they can get the Aging Analysis report the no of days Outstanding as well as they can enter payment invoice wise.

Sanjay,
To import BP Opening Invoices or Credit Memo's,
Use the template inside DTW folder
\Templates\oInvoices for AR Invoices
\Templates\oPurchaseInvoices for AP Invoices
and so on
I presume you would want to import them as Service Invoice so
In the Document template
Set
DocNum....................................DocType......................HandWritten
original Invoice number...............dDocument_Service..............tYes
Document_lines
AccountCode
Opening Balance Account Code (Opening Balance Account is generally created in the Equity drawer and is used purely for all Opening trasactions and will balance out to zero (0) once all opening data from legacy system has been brought over)
Let me know if you need further direction
Suda

Opening Balance by open AR and open AP

HI Expert ,
Can you provide me step by Step for this type of transfer .
What I did :
1. Create a service invoice for all AR
- Account receivables Dr -   3000
                    Opening Balnce   Cr                 3000
2. Create service invoice for all AP
    Account payables Cr --1500
                   Opening balance    Dr               1500
3.All Open SO and PO is entered already
4. Inventory balance is transferred
Now what is my next step : I am trying to explain these procedures to ..can you give me detail step by step in Journal entry
I really want to give me step by step instruction
Thank you
Bishal

Hi Gordon ,
As you know this is process of go live . I have done all the step as mentioned .
I am stuck after this process , what needs to be done as well as to make sure everythign is correct with legacy system and opening balance account becomes zero afterwards ......
Hope you got the point
Thank you
Bishal

Import GL opening balance,AR and AP aging with each open invoice data

We tried to use Data Transfer Workbench to import GL opening balance back to 2007 year end but got an error "can not post to Control Account".
In Admin>Sys Init> Opening Balances> GL opening, Businesss Partner, 1099 opening balance can import all opening balance with AR, AP. But, can not import for each open invoice amount, invoice number, invoice date information.
If we entered those GL, AR, AP opening balance those won't affect the GL F/S, right?
We will need to close year 2007 then import each period Trial Balance Debit and Credit amount for each account then close each period to have all 2008 each account period data until May 2009.
Would like to know which is the best way to do this?
Edited by: Lily Chien on Jun 4, 2009 11:21 PM

Hi,
Please, use oInvoice and oPurchaseInvoice templates (as service type and offset account is opening balance account) to import opening balance. This don't affect to inventory, P/L account.
Hope this helps,
Son.

Business One Training Materials for Opening Balances

Hello, I am doing my first implementation of Business One for a new company. I have everything setup except for the opening balances. I have gone through the Opening Balances training on the Partner site but it doesn't show me how to enter the initial opening balance dollar value...
I selected an opening balance g/l account (with a balance of zero because i don't know where to add any $ to this account) then entered their opening balance for their cash account but it displays a negative dollar value for the Opening Balance account due to there not being any $ in that account...
I am wondering what the actual process is of entering the first initial dollar value to get the opening balance account to be zero after doing the opening balances (from the admin menu) rather then it being negative when you are finished with the opening balances?
Thanks in advance,
Jason

Opening balance accounts are all clearing account that offset the actual balance. You do not need to enter dollar value directly here. In which way you have entered OB?
Hello Gordon,
I followed the SAP B1 training whereas I opened the Opening Balances for GL accounts window, selected my opening balance account (which has a balance of zero dollars), entered $100,000 into their bank account G/L account and clicked the Add button.
This ended up giving my opening balance account -100,000 and my bank account a +100,000 balance.
From most of the documents I've read, they say that the opening balance account should be at zero after doing the opening balances but how would you do that in this case (where all they have is a bank account to start with and all BP's accounts set to zero)?
This is a new business starting from scratch... all they have is their bank account and they are currently purchasing items from vendors and they want to enter the transactions for those items starting tomorrow into B1.
Let me know,
Jason

SAP B1 opening balance

How can I input an opening balance in SAP B1. We are unable to transfer data using the Data Transfer Workbench so I have to input the opening balance manually. I tried at first however the balance is in credit. Can I get tips on how I can input the opening balances correctly. I'm also not so sure about the Opening Balance Account. I hope anybody could help us with our implementation. We want to start using B1 in our company already.
Thanks.

Hi,
Check this thread
Re: opening balance account
Re: Opening Balance
Re: Inventory Opening Balance
Re: Opening balance problem
*Close the thread if issue solved.
Regards
Jambulingam.P
Edited by: Jambulingam P on Aug 11, 2009 1:06 PM

Updating the GL and BP Opening Balance

Hi
Can anybody help on the logic to update the GL and BP opening balance thru SDK
Regards
Sundaram

Hi,
U can use this Method.. CreateOpenBalance and check the following sample code provided by SAP.
Dim oAccountsService As SAPbobsCOM.AccountsService
Dim oOpenningBalanceAccount As SAPbobsCOM.OpenningBalanceAccount
Dim oGLAccounts As SAPbobsCOM.GLAccounts
Dim oGLAccountFirst As SAPbobsCOM.GLAccount
Dim oGLAccountSecond As SAPbobsCOM.GLAccount
'get company service
oCmpSrv = oCompany.GetCompanyService
'get accounts service
oAccountsService = oCmpSrv.GetBusinessService(ServiceTypes.AccountsService)
'get Accounts Service Data Interface
oOpenningBalanceAccount = oAccountsService.GetDataInterface(AccountsServiceDataInterfaces.a sdiOpenningBalanceAccount)
'set the account code(account name = Common Stock (HO, USA, GA ))
'for the openning balance account
oOpenningBalanceAccount.OpenBalanceAccount="_SYS00000000078"
'set the details
oOpenningBalanceAccount.Details = "G/L Accounts Opening Balance"
'set the date
oOpenningBalanceAccount.Date = Date.Today
'get ref to GlAccounts
oGLAccounts = oAccountsService.GetDataInterface(AccountsServiceDataInterfaces.a sdiGLAccounts)
'add accounts that will be in credit or in debit
'add first account
oGLAccountFirst = oGLAccounts.Add
'set the account code
'(account name = "Sales Revenues - Services (HO, USA, GA )"
oGLAccountFirst.Code ="_SYS00000000083"
'set credit amount
oGLAccountFirst.Credit = 300
'add second account
oGLAccountSecond = oGLAccounts.Add
'set the account code
'(account name = Sales Revenues - Foreign (HO, USA, GA ))
oGLAccountSecond.Code ="_SYS00000000082"
'set credit amount
oGLAccountSecond.Credit = 300
'create the balance for the first and second accounts from the Openning 'Balance Account
oAccountsService.CreateOpenBalance(oOpenningBalanceAccount, oGLAccounts)
Hope it helps,
Vasu Natari.

Opening balance account drawer

Similar Messages

Maybe you are looking for