Opening Balance of Business Partners

Hi All,
I am uploading the Initial Opening Balances of Customer & vendors but the problem is when I upload the balance the customer receivable balance with negative sign. I have not check the option of display the credit balance with negative sign.
The result, in customer ledger the system show the debit with positive sign but the balance in negative sign. So, please help me if there is any setting to show the balance in positive (if debits are more than credits). Even the control account is show in negative.
Regards,
Abhishek
Edited by: Abhishek A on Dec 6, 2008 12:27 PM

Hi Abhishek
Based on B1 online help
Display Credit Balance with Negative Sign
Select to display credit balances with a negative sign. According to the default settings, debit balances are displayed with a negative sign. This option cannot be changed after postings have been created in SAP Business One.
This setting influences the entry of beginning balances for the G/L accounts and business partners. Depending on this setting, the opening balances must be entered as positive or negative numbers. We recommend accepting the default setting, as this reflects the local requirements.
You probably need to accept default setting. If the default setting is not checked, then you have to use negative sign for debit balance instead of credit balance.
Thanks,
Gordon

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How to enter opening balances for business partners

pls let me know end to end process to enter opening balances for business partners.
thank
reema

Hi Reema....
There are two processes you can enter OB for BP.
1. Bill waise
2. Total
If you want to go for Bill wise then its better to upload the AP and AR invoice under service category via DTW.
If you want to go for Total BP balance then go to Administration> System Initialization> Opening Balance--> Opening Balance Business Partner.
Regards,
Rahul

Business Partner's Opening Balance Bill Wise

Hi Experts,
We are planning to migrate the Opening balances of Business Partners with Last Year's open transactions reference such that the clients could be able to adjust the payments bill wise .
Is there any way is B1 to transfer the Business Partner's opening balances Bill wise. We don't want to migrate the open transactions as many items codes at bill time are changed now. We are interested in just having the bill wise bifurcation opening balances .
Thanks and Regards,
Pooja Singh.

Hi Pooja,
Hope u r uploading the balances via Opening balance offset account.
Thru A/P service invoices instead of the relevant expenditure account please link the above opening balance offset account and post the billwise openings. asusual choose the relevant parties.
In the invoice ref field give the references of invoices also. that will helpful at the time of payment to that respective vendor.
But you should double ensure that you r having Sundry Creditors - Breakup as Party wise and again bill wise for the parties.
Please dont pass as a JV for bill wise opening balances since you cant make part payments at the time of payment.
So, use the A/P Invoices window for the same. Under that pick the service invoice option even for material invoices.
p.s. if opening balances are 2009-10 create a period as 2008-09.

Opening balance against multiple invoices

Hello Experts
How can we enter opening balances of business partners invoice wise ?there may be lackhs outtsanding against each partner.How can we map payment against a particular invoice included in opening balance ?
regards
Manoj

Hi Manoj,
I Hope this Thread will help you
[Opening Balance;
Thanks
Balaji

Business PArtner - Opening Balances

Please guide me how to upload the opening balances of business partner , ( please share the template if any )
thanx in advance

Please check this thread:
Re: Customer Vendor balance upload
Thanks,
Gordon

Business Partner Opening Balance

How can we define the opening balance of business partner when defining new company & From where we can import it?

You may check these threads:
Business Partner's Opening Balance Bill Wise
Re: BP open balances
Re: Data migration tool for SAP Business One
Thanks,
Gordon

Importing BP opening balance

Hello sir,
How to import opening balance of business partner and Chart of Account for go Live project
no templates are available for opening balance
Plz suggest

Hi,
You may check these threads:
Business Partner's Opening Balance Bill Wise
regarding Import opening balance for GL using DTW
Re: BP open balances
Re: Data migration tool for SAP Business One
Opening Balance
Thanks,
Gordon

Opening Balance Setup

Hi,
Kindly help me for following Questions?
1. How to set Opening Balance for Business Partner and G/L Accounts?
2. Where to set Offset Account for Both BP and G/L Accounts? ( Business Partner offset account is in Asset side or Liabilities Side)
Regards,
Balaji

Hello Balaji...
The SAP Data Migration and Opening Balances GL Account and Number and GL Location/Placement should be determined by your accounting person. I have seen where the accountants want it as the very last GL account at levels 2, 3, and 4 titled SAP Data Mig/Opening Bal. I have also seen it where it is placed amongst the Expense drawer. I have seen several different approaches, but it was always determined by the company's accounting personnel and not the IT.
The reason for this is your accountants will know what they need for auditing persons. And they should be the ones who determine this since they will be the ones around next year when possible variances between the old and new system need to be explained.
Regards,
Za;

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

Reg-Opening balances

Dear all
In my client place I have created Opening balaces(debtors) & Opening stock a/c under assests head,Opening balances(creditors) under Liabilities head.P&L a/c under equity head.
Now I have posted opening balances in to this accounts but to nullfy this accounts should i pass journal entry like as below
Opening balances (creditors)   Dr   100000
Opening balances (creditors)                        100000
or
P&L account   Dr 100000
Opening balances(creditors)   100000
Please kindly suggest the correct and best way.
Regards
M Auditya

Hi Auditya
Go to
Administration -
> System Initilation -
> Opening Balances.
Select G/L Opening Balance or Business Partner Opening Balance according to your requirement.
in opening Balance account
select G/L Opening Balace Acct if it is a G/L opening Balace
select BP Opening Balace Acct if it is a BP opening Balace
Select Acct to which you are entering opening Balances.
If it is Debit enter in +ve Value
If it is Credit enter in -ve Value
I think it will help you
Regards
Siva Reddy

About business partners opening balance

Hi experts,
I opened business partners' balance on January 1. and now I want to know the remain balance. how can i list all business partners' unclosed balance regarding opening balance?
thanks...

Hi,
Just use query script that combined OCRD (BP master data table) and OJDT - JDT1 tables. The transtype code is -2.
you could also try to use aging customer report.
Rgds,

Business area wise opening balance of customer.

Dear Guru's
How to get the opening balance of Customer account, Business area wise. I have to prepare report on cutomer account balance based on business . I am getting the balance on the basis of company code from KNC1 table.but I am not able to get balance based on business area, can any body help me... it is Urgent
With Regards
Mahesh

Dear Madhuri
That i know, but i need to prepare a report, customer details based on Business Area for that i need to get a opening balance of customer based on business area.so i needed from which table i will get the balance of customer based on business area.
Please help me yaar....
it is urgent.....
thanks for ur replay
i am expecting a good solution from You.
With Regards
Binoj

Business Area - Opening Balances

If we Implement Business Are from the began of a year, how the Opening balances will be assigned to Business area?
i.e. How to assign Vendor, Customer, Assets and GL Opening Balances to a newly created business area to arrive business area wise financials.

Dear,
First, in your field status groups you define business area as required entry, so whenever you post to vendor, customer or asset the business area field will be a required entry. Which will capture the values posted to the line items.
Also check whether you have maintain business area financial statements in OBY6, and try to split your document settings based on business area if your using new gl.

How business transation data,opening balances are uploaded through lsmw?

hi,
please tel me hoe to upload the open balances,business transation data of the vendor,customer and gl account through lsmw? along with that please explain the uploading theough bdc.........
i am eagerly waiting for ur answer...............please let me know asap.
with regards,
prasad.

Hi,
As all the balances can be uploaded through FB01,Create a document type by for upload set all the transaction allowed in document type.
Firstly create a LSMW for FB01 posting a document so that we will know what all the fields need to be captured.
Then in the same format create a XL template with necessary required fields and fill the same with data.
Asset master data also can be uploaded through FB01 by removing the reconcilation field in OAMK change the reconcilation control and upload the balance in FB01 and again in OAMK change the control to reconcilation.
or through OASV also you can upload.
Edited by: santosh kumar on Feb 2, 2012 10:42 AM

Uploading Business Partner Opening Balances

Hi
All
I want upload business partner opening balance by DTW or Import data is it possiable????
Thanks & Regards
Amit

BEST PRACTICE:
Import all the open documents with Service Invoices/Credit Memos, with the same document number and date than in the legacy system. It does not matter what the client says - they ALWAYS have issues afterwards.
In this case DTW is the best option.
Kind regards
Carin
Edited by: Carin Botha on Aug 17, 2010 3:05 PM

Opening Balance of Business Partners

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