Re-correcting Opening Balance

Hi experts,
One of my client went for live on 1st of April 2008. He gave us a trial balance to be entered as opening balance before Go-Live and we have entered the same in SBO and we went for live. Now client is saying that the trial balance which he gave to be entered as opening balance is not correct, and he is having another trial balance which was audited by his auditor and he is saying this is the final and correct trail balance which should be entered as opening balance.
My doubt is it is possible to re-correct the opening Balance? if yes can any one please explain how to do so. Is there any financial implication while re-correcting the opening balance?
N.Rozario

There is nothing like recorrecting or anything whatsoever that can be done.
Practically speaking, it is too late there are already 100's of transactions that might have been posted by now.
One thing you could do it post the difference amount for each GL (+ or -) as a JE as of 4/1/08 to correct the amounts
Suda

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How to correct opening balance

Hi Experts,
I have to correct my opening balances of items, unfortunately i make some mistake while entering the opening balance of items(e.g i entered the wrong quantity of many items which i have to correct).
plz give me some solution to correct it..
Regards

Hi
Yes you can correct opening balance of Items, if you have not issued that items for consumption.
Open a old period and use Goods Receipt and Goods Issue option for the same.
For example.
Item A you have entered opening balance qty is 10 and your correct qty is 12 for this do goods receipt entry in last date of (3st March) previous period for Qty 2 with same price.
Item B you have entered opening balance qty is 12 and your correct qty is 10 for this do goods issue entry in previous period for Qty 2 with same price.
I have faced lots of issues entering item opening balance through Initial Quantities functionality.
So for my all new customer, I prefer to enter Item opening balance through Goods Receipt in previous period.
I hope this solution will help you.
Regards
Kamlesh Vagal

Wrong Opening balance in PLA register

Hai All,
I am gettig wrong opening balance in PLA for Sec Higher Edu. cess at the time J2I6. I maintained correct opening balance in J_2IACCBAL. Also in G/L accnt i made the same. I am geeting corrct values for PLABED & PLAECS. Here its taking value of RG23SECS
Plz Help me out..
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Raghu

Hi,
The opening balance in J2I9 will be picked from G/L accounts directly.
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Error in Opening balance

Hi,
We have run the MCNB trnsaction for loading the Opening
balanace for 2lis_03_Bx and we have compressed the
data with out checking the option 'No Marker Update'.
Later run the setup tables for 2LIS_03_BF from OLI1BW
for the movements.Then we have loaded the data intto the
cube and compressed the data with the option'NO MARKER UPDATE'.
The range of upload is from 1/1/06 to 14/09/06. The stock which got updated in the field "Quantity Total Stock" is the current closing balance on 14/09/06 instead of the opening balance on 1/1/06.
when we are trying to get the opening balance inthe report , we are not able to get the correct opening balance when compare with balance in the transaction MB5B.
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Regards

Hi Vinay,
As per the documentation on the Inventory Management :
1. We load the 2lis_03_BX with out selecting the check box for 'NO Marker Update'
2. Then the historical movements are loaded with checking the Check box for ' No Marker Update'
3. Then we load the Delta loads without selecting the Check Box for "No marker update'
So from the process you have followed it seems that u have done it correctly.
The 2lis_03_BX load was of the range 1/1/06 till 14/09/06.
if thats the case then opening balance means the current balance as of 14/09/06 which is actually the closing balance on 14/09/06 .
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Regards

How to create a first row in crystal report as opening balance which contains two columns with debit and credit

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;
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As 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.

Fault found with opening balances output on Trial Balance report

When running the Trial Balance report and adding "Opening Balances" and taking the "OB from Start of Fiscal Year" option, the relevant opening balances are not shown from the closing balance of the prior period.
All balance sheet accounts should always show a "brought forward" balance if one exists, whereas P&L Accounts should only carry balances forward over monthend boundaries, resetting at the point of a yearend. This is not the output provided by the report.
This issue has been checked on numerous patch levels (including the beta release of 2007a SP01 by a support consultant) and returns the same problem.

Hi Julian,
I checked the functionality by myself and I have two findings:
1) that the Trial balance displays in the opening balance balances for the P&L accounts from previous period.
2) On the other side there is a functionality "Add closing balances" on the Trial balance selection criteria with option "Closing balances before Selected Period Only" which would adjust the presented opening balances for P&L accounts in point 1.
Based on your description I understand that Global Support Center knows about the issue, so I think the point 2 could be used as temporary workaround till the system is corrected.
Best Regards,
Martin Slavik
SAP Business One Solution Manager

Mismatching between opening balance and closing balance in F.08

Dear Experts,
i have one issue regardig the dismatching between the closing balance of 2010 and the opening balances of 2011.
Actually we have the retention account for customer which showing a correct figure in 2010 but unfortnatly it showing another figure in the opening of 2011.
Note: i have done the carryforward succefully but i am getting the same result as well.
please would you advice me ?
Regards,
Bilal

Hi,
Run report RFINDEX_NACC (in SE38, older versions of SAP have RFINDEX as the program) for the GL account. Please read the documentation of the program; as the program is resource intensive; limit your selection to this specific account. Select the "more detailed" radio button. should help you identify the reason.
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Cheers..
Edited by: Neeraj Kukreti on Jul 6, 2011 2:29 PM

Opening balance for vendor in debit

Hi
                              When I post the opening balances for vendors it is showing the vendor balance as debit.(+) Is this correct or it should show vendor balance in credit and customer balance as debit ?
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Sekar

Hi,
                          This was the JE:
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Remarks: BPartners Opening Balance
Thanks and Regards,
Sekar
Edited by: S. Gamaliel Sekar on May 17, 2011 11:38 AM
Edited by: S. Gamaliel Sekar on May 17, 2011 11:39 AM

Opening Balances for GO live

We wish to GO Live on a particular date. However the opening balance before that particular date are still under verification, but still we are having values of opening balances will be corrected say in next 20 to 25 days after the date of go live.
Please suggest us suitable method of correcting the opening balances with out passing the Journal Entry.
Please also let us konw once we correct / update the opening balances by the suitable method as suggested by you, What will be the effect on the subsequent entries / transactions which are already entered into the system after GO Live.
thanks
harish .

AS per my understanding opening Balance can be uploaded later or the figure available be uploaded as Parcked, so that if there are any differences, that can be taken care of.
Regards,
Rajesh Banka

Difference in Open Balance As per Trial Balance and General Ledger in SAP

Dear All,
1 ) Whle generating trial balance in SAP B1 for one Business master there is a difference in Opening Balance as per Trial Balance and as per General Ledger how ever closing balance in matching.
Difference As follows
Report Name      ob cr     ob dr           dr                   cr                                  CL
General Balance          614536     19237612.34            18650320.01     1201828.33
Trial balanceB     4521743.19          19237612.34       13514040.82     1201828.33
Is it possible the open balnce should be same in both report. The opening balance as per GL report is correct.
2) I have run the period end closing for Apr- 2010 to Mar 2011 after that I generated the traial balance for Apr-1-2011 where the opening balances for expense account and revenue account is showing technically after period end closing the balance become zero for all closing balance revenue and expenses accounts.
Please note that there are some entries in revenue and expense account in on 1st apr. 2011.
Please guide on this.
Regards
Aarati Kollur.
<a href="http://www.youtubemp3.net/">youtube mp3</a>, <a href="http://www.limewire.name/">limewire</a>

Hi,
I think you should re-visit the selection creteria for the Trial balance.
The Display Opening Balance has two options. If you select from 'Start of Company activity', then it will include every balance of previous year.
Check for the Display Closing balance option as well. As you have performed the Period End closing, the checkbox options can have an impact on the outcome in the report.
Check the selection again.
Kind Regards,
Jitin
SAP Business One Forum Team

How to get Open Balance for the year and Total Ending Balance?

For a given account, how to get Open Balance for the year (Cumulative Ending Balance) and Total Ending Balance (Cumulative Ending Balance)?
Is there any function module available? or should I read from some tables? Please advice.

Hello Paul,
You could try calling one of the following BAPIs - see which one meets your requirement. They are documented well so shouldn't be a problem finding out the correct one for your requirements.
BAPI_GL_GETGLACCBALANCE
BAPI_GL_GETGLACCCURRENTBALANCE
BAPI_GL_ACC_GETBALANCE
BAPI_GL_ACC_GETCURRENTBALANCE
BAPI_GL_ACC_GETPERIODBALANCES
BAPI_COND_VAL_DECRE_BALANCES
You might have to put in some of your own logic after the BAPI call to get what you want.
Hope this helps,
Cheers,
Sougata.
p.s. Also look at FM FAGL_GET_ACCOUNT_BALANCE
Edited by: Sougata Chatterjee on May 7, 2008 11:47 AM

Reporting Issue "Opening Balance values are going to Not Assigned Values"

Hi Friends,
Closing Balance values are perfectly showing but opening balance values are going to Not Assingned Values? I am not able to find it out.
our query is built on PCA Daily Multiprovider.
Pls Help.
Thanks
Asim

Hi Ravish,
Here are the details
Stock values and quantities in the PCA cube of BW never show correctly at an article level due to an opening balance issue. This reduces our ability to report on stocks at moving average price, i.e. anything that actually matches the financial values in the system. The issue arises because stock at the beginning of the year (quantity and value) for any site is only shown against an article of "Not assigned." Stock movements during the year are shown against the appropriate article.(If you have a new site, the will have stock assigned against an article up until 31 December and then the 31 December values are shown against "not assigned" for the next year).
Thanks
Asim

Difference in Trial Balance & Legder report because Zeero opening balance appearing in Trial balance for some accounts

Hi Experts,
When I am generating System trial balance report, it shows null in opening balance column for some of accounts while ledger for respective accounts are showing correct figure of opening balance.
And because of this my trial balance showing wrong figures
Also, I have checked it through query report, it showing same opening balance figure as ledger report.
(Attachment for trial Bal, Ledger & Query reports for one of the account are attached here)
I have checked all selection criteria in Trial balance report, but nothing is working.
Please suggest me any solution for for above issue.
regards,
Raviraj

Hi Raviraj
Can you confirm In Trail Balance Opening balance for the Period is OB Starts from Company Activity.
With Regards
Balaji Sampath

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
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                   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

Upload Opening balance of G/L accounts from legacy system to SAP, and also

Hi Gurus,
How to upload Opening balance of G/L accounts from legacy system to SAP, and also Vendor and Customer balance.
My Doubt is when you upload the customer balance and vendor balance will it effect the sundry debtor account and sundry creditor account if not the how will the sundry debtor account and sundry creditor account will be posted with the balance. Please send me the general entry passed for posting the same.
What I understood is that when we are uploading the customer and vendor balances through LSMW, no entry will be passed and it will update the customer and vendor sub ledger in FBL1N and FBL5N but it will not affect the sundry debtor account and sundry creditor account.
To give effect to sundry debtor account and sundry creditor account we need to manually pass a journal entry as follows.
1) Sundry debtors account A/c -
DR
      TO clearing account A/c
2)     clearing account A/c -
dr
     Sundry creditor account A/c
Please let me know whether iam correct
Also please tell me what will be the scenario for uploading of the assets balances through LSMW.
THANKS AND REGARDS
MV

Hi,
     When you uploading any data from legacy system to sap normally we will be using LSMW or BDC,thru this we will be uploading master data like G/L,vendor,Customer and asset master these are the some examples and we will upload transaction data also that is P&L Account and Balance sheet.When we do uploading data thru LSMW system will update all the values of vendor,customer and asset values as well as subsidary ledger also.No need to do manully.
Regards,
satya,
FICO

Re-correcting Opening Balance

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