Reversal of Opening Balance

Hi Gurus,
We have uploaded opening balance on 1.4.2007.Now we want to reverse the same.
Pl advise me the procedure to reverse it.
Regards,
Samar

Hi
Goto TCode FB08 and reverse the document
If it is a mass reversal use TCode F.80 - Mass Reversal
Then upload again opening balances.
Cheers
Srinivas

Similar Messages

Reversal of opening balance for RG23a

sirs,
In the initial stages of go live, we have put an initial balance for RG23A. This has been updated with J1IH. But the entry was wrongly entered by the client. This has to be reversed. I need a guidance how to reverse this.
regards,
ebenezer

Hi
Goto TCode FB08 and reverse the document
If it is a mass reversal use TCode F.80 - Mass Reversal
Then upload again opening balances.
Cheers
Srinivas

Clear G/L accounts before entering opening balance

Hi,
We have not gone live with SAP B1 yet. I am importing closed A/P and A/R invoices for past history. What is the correct way to zero out G/L accounts before entering the opening balances when we go live. We have multiple G/L accounts.
Thank you for your help.

Using the DiApi you can import both closed AR invoices and pay them at the same time. Run your trial balance before starting the process (every account should have zero balance. Perform the import and pay the invoices. Run trial balance again and perform journal entries to get GL back to zero (just do reverse of what trial balance reports).
Of course perform your tests in the test database but the above works we do it on almost all of our implementations.

BP opening balance modification

Hi All,
All the vendor opening balances which were taken as +ve, needs to be taken as -ve and vice versa...What will be the best possible option for the same?
Regards,
Rupa

Hi Rupa...
I guess most convenient way of feeding Opening balance is through DTW. Incase if you entered wrong balances then you can reverse it too via DTW.
Else if you want to go manually then you can do it from Administration> System Initialisation> Opening Balance--> BP Balances.
For 1. Ex. Customer ABC = +1200 Dr. As Opening Balance which is put wrongly and if Final balance is +1220 Dr. then you can add 20 Dr. so that it becomes +1220 Dr.
2. Ex. Customer ABC = +1200 Dr. As Opening Balance which is put wrongly and if Final balance is +1190 Dr. then you can add -10 Dr. so that it becomes +1190 Dr.
Regards,
Rahul

Actual Cost Opening Balance Variation

During deployment time rough opening balance amount given(Actual Cost)...now need to add the variation..if it is addition, v can use pre-approved expenditure(PAE) batches and pass the respective task value....but in case of negative values...how to go about it...
Is it possible to pass negative amount via PAE batches??(violation occurred)
i can find 1 reverse button on the main page of PAE..how can i utilize it?????...could any 1 help me with 1 e.g Plzzzzzzzzzzzzzzzzzz..
Thanks a lot in advance...

Hi
Reviewing the Project Costing User Guide you can find the following:
Reversing an Expenditure Batch_
The Reverse button is enabled only if the current batch is released. In addition, an
expenditure batch can be reversed only if the transaction source of the batch allows
adjustments.
When you reverse an expenditure batch, all the expenditure items are reversed except
the following:
• Related items
• Expenditure items that have already been reversed
• Reversing items (net zero adjusted items)
• Expenditure items that were created as a result of a transfer adjustment
To reverse an expenditure batch:
1. Navigate to the Find Expenditure Batches window.
2. Find the batch that you want to reverse.
3. In the Expenditure Batches window, choose Reverse.
4. In the Reverse an Expenditure Batch window, enter the name of the new reversing
batch and choose OK .
When the reversal is complete, Oracle Projects displays the number of items that
were adjusted and the number of items that were rejected.
end of text.
Dina

Wrong Opening Balance

Dear Experts,
Current period is 02 2014 so posting is possible only in 02 2014 & 01 2014. I uploaded opening balance in 31.12.2013 with quantity 8.18 and amount 2740.30. Now, they discovered that the right quantity of the opening balance is 8180 with the same amount. period 12 is closed now. Please, Advise.
Thanks,
Magdy.

Hi,
Now you want to post difference Quantity in 12th period, for these you to open closed posting period in MM.we know that once closed a posting period in we cann't open it again.for these sap released a OSS note.
please follow the below points
1. Go to TCode SU01 (see OSS NOTES 487381)
2. Choose "change" tab with your loging Name
3. Choose "Parameter" tab give Parameters MMPI_READ_NOTE with date format as YYYYMMDD
(say today 20071201)
4. SAVE.
5. Go to T-code MMPI
6. open the old periods which you want to post into,
Note : the period opening will be valid for only for the particular day only.
7. Complete the posting you want to reverse or add
8. Go to MMPV to close the periods
Note : If we enter the date or month in MMPV means we are opening that date or month by closing previous date or month
(Never use MMPV without completing the transaction in previous month)
Thanks in advance
Chakri

FBCJ - change the opening balance value

Hi Guys,
How can I change the opening balance value in FBCJ transaction?!
Thanks
Daniel Dorta

Hi !!
You have to options to do here
1. Reveres the receipt entry which was passed wrongly by some other Tcode
2. The difference amount found in FBCJ & FBL3N, post in Receipt side of FBCJ & Post the same amount as an expenses from FB01
This adjustment entry will work as a reversal for the previous entry which was made by mistake
You problem will be solved
Regards
Shamulheq

Entering opening balances..

About entering opening balances...
Enter credit balances AS +VE
Enter debit balancs AS -VE
BUT, is this dependent any bit on the Display Credit Balance with Negative Sign in the basic initialisation tab ?
If this option CHECKED, will the opening balances entering technique be reversed... ie to say.. Enter Credit Balances as -VE and Debit as +VE ?
Please share your thoughts as well..

Hi Gautam,
I think, you have done the things reverse way because you need to enter the opening balance of debits values (i.e Assets , expenditures) with +ve & credit values (i.e liabilities, revenue) with -ve sign. The display setting of negative balance doesn't have any relation with balance uploading.
Hope this will help you.
Regards,
Abhishek

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,
Shwetha

Hi,
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

Fixed Asset Opening Balance

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!
Phoebe

Hi,
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
veera

if 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
Earl

Hi 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

Reversal of Opening Balance

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