Opening Balance of Investment/Equity.
As we are migrating to BCS system the investment by one entity is not match with equity in another intercompany.
I understand when we execute the COI function initially after loading the opening balance ,the balancing entry goes to Goodwill.
But can these entry be adjusted against the Retained earning due to business scenario since the aquisition is old one, except for BCS.
The question is:
1. it normal to post such entry to 'Retained earnings' using level 30 manual entry.
2.Can the COI function be configured in such a way for selected company codes that these differences go to 'Retained earnings' automatically than update the goodwill.
3.Can a reclassifcation function be used at level 30 to transfer such entry from Goodwill to retained earnings account.
Appreciate to share your experience..Points will be awarded will be helpful answers.
1. In many cases we use manual entry for posting level 30 adjustments. However I recommend you include the retained earnings at the time of go-live with the first consolidation AFD entries.
2. It may be possible (not sure) to use retained earnings as the goodwill account in the COI configuration and subsequently change it to the true good will account after the cut-over of first consolidation period. That is unless there is actually a situation where goodwill should be posted in the first period.
3. A reclassification could be used for this conversion. If so, I recommend the task be removed after the first period of using BCS, or the method be limited to the period and year of first consolidation with BCS. As with 2 above, this will not work if there is actually a situation where goodwill should be posted in the first period.
Similar Messages
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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
AndreHi 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 -
How to get opening balance of a g/l account using query ?
Dear all,
I'm developing consolidated g/l accounts debit,credit totals month wise with opening & closing balances thru query based report,
i'have got expected results except opening balance g/l account,
How to get opening balance of a g/l account based on date as conditonal parameter ?
Any one throw light on this ?
JeyakanthanHi ,
Please kindly help me on this.I don't know how to calculate opening bal and closing bal over a period of time by Quarter, and how to generate the reprot using crystal reports and please suggest me on this how to go ahead with this report.
Here you can go through the reprot requirement , and also an attachment of my Report template.
we have "Category of Investment" , "Income On Investment" ,"Gross yield" and "Net yield" are report fields.
1)"Category Of Investment " is Hardcoded.
2)In this we have to get "Investment" column from VTBFHAPO(BZBETR Field) table Database based on
Flow type(SFHAZBA) in VTBFHAPO table ='0100' for bonds category.
3)"Income on Investment" also we will get from DB using the following formula.
Income On Investment= "Interest IncomeAmortizationCapitalgain"
4)With the Date field(Making Date dimension based on date(DCRDAT) field in VTBFAHPO table.
By Current Quarter,Year to Date,Last year)
5)Opening bal---Investment
Purchase--Flowtype=0100
Meturity/Sales--Flowtype=0200
Closing balance=Opening bal+(Investment or Purchase)-(Meturity or Sales)
'0100' '0200'
Here '0100' and '0200' are Flow types based on this i need to get value from the same Field.
we need to Calculate "Gross yield" .
The bellow are formulas to evaluate "Gross yield "
Ist Qtr .Gross yield=Investment income/(((April opening balanceApril closing balance)/2)((May opening balanceMay Closing Balance)/2)((June opening balance+June closing balance)/2))/3)
Ist qtr. Year to date Gross yield=Investment income/(((April opening balanceApril closing balance)/2)((May opening balanceMay Closing Balance)/2)((June opening balance+June closing balance)/2))/3)
Investment income=interest incomeamortisationcapital gain
Iind Qtr.Gross yield=Investment income/(((July opening balanceJuly closing balance)/2)((Aug opening balanceAug Closing Balance)/2)((Sept. opening balance+Sept. closing balance)/2))/3)
Iind Qtr. Year todateGross yield=Investment income/(((April opening balanceApril closing balance)/2)((May opening balanceMay Closing Balance)/2)((June opening balanceJune closing balance)/2))((July opening balanceJuly closing balance)/2)((Aug opening balanceAug Closing Balance)/2)((Sept. opening balance+Sept. closing balance)/2))/6
This data should display over a period of time. based on "Current Quarter","YearToDate" and "Last year"
The quarter starts from April,i,e FY, I Like this i need to generate the report.
Thanks in advance. -
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 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 DSure 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 -
Hi experts,
I have a small doubt regarding OB
Year 010407 to 310308
I have entered trialbalance as openning balance of 310308 with date 310308
when i run the trial balance report for year 010408 to 310309
OB column is empty. i also selected the option 'OB From Start of Fiscal Year'
I think the previous year balance has to be cary forward to nxt fiscal year as OB.
am i missing something, please advice
Thanks in Advance,
SandeepHi,
Thanks for the reply,
I have closed the period too by year end closing procedure, the diff of rev & Exp is transfer to the new year.
My issue is, doesn't it required to show the OB of Assets, liabilities & equity balance in new fiscal year OB column when i run the report.
Regards,
Sandeep -
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 AudityaHi 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 -
Opening Balances and Closing Balance of customer
Hi,
Does SAP provide any standard customer account statement for Opening Balances and Closing Balance for specific date range have given in selection screen?
The statement also contains reference number, order, and Delivery number.
Note: FBL5N Transaction code will not sufficient for the requirement, so looking for any other transaction code / report provided by SAP already for it.
Thanks in advance,
ShwethaHi,
There are several standard reports which could be easily accessed through the menu (Accounts Receivable - Information systems). If none of these reports does not suit your requirement, you have to develop your own.
Regards,
Eli -
Table for Customer and vendor open balance on a key date
Dear All,
Can anyone please let me know Table for Customer and vendor open balance on a key date. We are developing one customized report.
I have checked with the below table :
Customer-KNC1, KNC3,BSID, BSAD
Vendor-LFC1, LFC3, BSIK, BSAK.
But these are not working properly for all customers and vedors. Also, in open items, there are items with clearing documents.
Plesae let me know, how to go for it.
Please suggest.Hi
Use BSID and BSIK for open items
And pass company code, year and from date and to date range in Posting date selection option
Reg
Vishnu -
Hi,
Any idea to do (by import and manual create) the opening balance for fixed asset Mmaster data? Tried to search SAP notes or guide, only can find related topic on Import FA Master Data and not manual create of FA Master Data, and how to import the FA Master Data with belong to same Asset Type (same life-span) but due to purchase at different timing, now having different remaining life span).
Thank you.Hello,
I am sorry for unclear answer. I did not mean that you have to develop addon.
after checking our client database, I see that one asset class will have same useful life and depreciation type which it means that different asset class can only the way to have different useful life (UL), and of course it will be different in depreciation type (DT).
For example : machine A : UL : 96, DT : SL12.5
land B ; UL 250 DT : SL25.
Hope you also could discuss with SAP support about this.
Rgds, -
Fixed Asset - Manually enter opening balance
Hi,
It's possible to manually enter fixed asset opening balance? anyone wanna share ways of manually enter? l only tried on import way.
Thanks in advance!
PhoebeHi,
There is no feature that can be used to upload FA opening balance amount in the fixed asset addon.
If you refer to fixed asset master data import, you can use template fixed asset master data to import the master data.
JimM -
Customer line items with balance carry forward no opening balance
Hello FI Experts,
We have ticket where the user is using a Z* Report for Customer line items with balance carry forward. In 31.01.2007 user has posted some legacy data, latter he was executing this Z* report then user can see the values posted on the same day (31.01.2007) as line items. But he was executing the report on 01.02.2007 then he was not able to see the line item as well as the values posted on 31.01.2007 as opening balance as on 01.02.2007. But if we run the report as on 01.01.2008 then we are able to see the values which are carry forwarded as opening balances. Did anyone have worked on this type of scenario?
Requirement Here Is: The values that have been posted on 31.03.2007 which are still open line items should get displayed as opening balance as on 01.02.2007.
Thanks for helping on this issue.Hi,
Any report will get data from Tables. Please check whether the table you have used to develop this report has opening balance.
Balance will be carry forwarded only when you run the balance carry forward program. Check whether this was run for the date you have specified. This can be done in the year end.
If you are checking in the middle of the year, then the balance will not be carry forwarded.
Regards,
B. Radhika. -
Debit,credit ,opening balance,closing balance..doubt.
Dear friends,
I am working in FI report (vendor balance for date ranges) .Its a ALV report. I want to fetch the datas for debit ,
credit,opening balance,closing balance,for the paticular vendor or all vendors for date ranges.the table for this iam using is BSIK AND LFC1.
all the datas stored in the table is for month wise,but my programe (my user needs even for day wise) how to calculate this,
or is there any function modules avaliable or can u konw any other table storing day wise balances...this report is urgent ..
any one pls suggest me .advance thanks..
regards
veeraif user wants day wise then make use of BSAK+BSIK, here u will get all line items daywise , i mean to say Posting daywise.
BUDAT 31.03.2003---->posting date
BLDAT 31.03.2003
CPUDT 31.03.2003
WAERS INR
XBLNR T&E-29-30.3-PNPT
BLART PA
MONAT 3
BSCHL 31
ZUMSK
SHKZG H------------>D/C
GSBER--------------------->Business Area
MWSKZ-------------------->tax Code.
DMBTR 1,507.00
WRBTR 1,507.00
regards
Prabhu -
Posting Open Balance to a All Currencies G/L Account
Hi All,
I have a situation for which some assistance is required.
I am trying to post opening balance to the G/L bank account which is defined as ALL Currency.
On the G/L the system show that Account as Currency = All Currencies and adjacent to the Balance it shows that currency ID as GBP.
This account is a $ Account and I want to post the Open Balance in $. However, when I try to create the Open Balance the FC columns are disabled.
What am I missing?
Best regards
EarlHi Earl,
There is nothing wrong. If it is a MC account, all JE would be based on LC. Hence only LC would be allowed for Opening Balance. If it is not LC, convert it to LC for posting.
Thanks,
Gordon -
I have created a crystal report with credit and debit column. Balance column created on the report. Report running with cummulative balance. THis report contain an option for date range. If i filtered this report its not showing the actual balance. I need
a first row to indicate previous balance as opening balance in this report. And following is the formula for balance column.
Whileprintingrecords;
Shared Numbervar balance;
Shared Numbervar display;
balance:={@debit}-{@credit};
display:=display+balance;
displayAs this question is out of the T-SQL queue, thus I would suggest you consult Crystal Report questions to the correct forums.
C#
https://social.msdn.microsoft.com/Forums/vstudio/en-US/home?forum=csharpgeneral
VB
https://social.msdn.microsoft.com/Forums/vstudio/en-US/home?forum=vbgeneral
people there have more knowledge on Crystal Report.
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