Track of Inventory opening balance

Hi All,
Can you please guide a bit regarding the below query
Track of Inventory opening balance
How to track or get the opening balances (of the concerned a/c(s)) entered for the items.
Thanks a lot in advance...

HI,
under (Inventory->Inventory reports->'Inventory Audit report)... you can find it opening balance for each item

Similar Messages

Cost of Inventory Opening Balance

Dear all,
I understand from the accounting terms that COS = opening stock+purchases-closing stock.
I need to input the cost of inventory (COS)as opening balance. What account should I debit/credit. I have inventory account, Inventory opening balance suspense account, and the GL opening Balance suspense account.
Kind Regards,
Asif

Hi!
When doing a Opening Balance for Stock via Initial Stock Window, System will automatically post a Debit Entry to Inventory Acc which based on the Set G/L Accounts By Inventory Acc you mention in ItemMaster and Credit the Inventory opening balance suspense account (you need to map this on Opening Balance Acc Field on the Screen)

Account to be specifed while uploading inventory opening balance

What is the account to be specified when I upload inventory opening balance for inventory items for the first time in Apps using Misc. Receipt?The material account(specified in Costing tab of Organization parameters form) gets debited but which account gets credited?

Hi,
It is based on the accounting entry which you provide during a misc Transaction. During a misc transaction (Receipt) system prompts for account.. and that a/c will be credited once the misc transaction is over.
when you do a misc transaction (receipt), Material A/c got debited and system ask for a/c entry for misc trx and that a/c will be credited, we normally use *"Receiving Inventory A/c"* for the same.
Hope this will help.
Regards,
S.P DASH

Inventory Opening Balance from Flat file

HI Experts
Will you please provide step by step intruction on loading Inventory Opening Balance from Flat file.???
I went through 'How to ... Inventory...' document. It does not explain this in detail.
Please help
Manikam

Hi Manikam,
while creating datasource for inventory opening balance, you need to select check box "opening balance " at "General tab" of datasource. and at infopackage " generate Intial Status".
this setting is while creating flat file datasource for inventory opening balance.
Best Regards.
Edited by: Daya Sagar on Aug 27, 2009 9:27 AM

Problem of create inventory opening balance

hi experts,
i extract the inventory according the document "How to handle inventory management scenarios in BW", i activate the 0IC_C03, and want to load the opening stock balance, but in the infopackage, i cannot find the "create opening balance" option, what's the problem? pls help.
thanks.

Hi,
After activation of infocube, do setup at source(R/3) for initial stock balances and load data using datasource: 2lis_03_BX and compress WITH marker update.
Later setup moments and load data using datasource: 2lis_03_bf and compress WITH OUT marker updated.
Srini

Period Wise Inventory Opening balance,Receipts ,Issues and Closing Balance

Hi Guys I need Period Wise Details,but the above query is giving date wise can any one give me a solution plz.
the Below is the table structure and the select statement that i am working on.
CREATE TABLE INV_TRACK( TRANS_ID NUMBER,
ITEM_ID VARCHAR2(10), QTY NUMBER,
COST NUMBER, TRANS_TYPE VARCHAR2(2 ),
TRANS_DATE DATE )
INSERT INTO INV_TRACK ( TRANS_ID, ITEM_ID, QTY, COST, TRANS_TYPE,
TRANS_DATE ) VALUES ( 1, 'a1', 100, 50, 'r', TO_DATE( '10/01/2005 12:00:00 AM', 'MM/DD/YYYY HH:MI:SS AM'))
INSERT INTO INV_TRACK ( TRANS_ID, ITEM_ID, QTY, COST, TRANS_TYPE,
TRANS_DATE ) VALUES ( 2, 'a1', 105, 50, 'r', TO_DATE( '10/01/2005 12:00:00 AM', 'MM/DD/YYYY HH:MI:SS AM'))
INSERT INTO INV_TRACK ( TRANS_ID, ITEM_ID, QTY, COST, TRANS_TYPE,
TRANS_DATE ) VALUES ( 3, 'a2', 100, 100, 'r', TO_DATE( '10/01/2005 12:00:00 AM', 'MM/DD/YYYY HH:MI:SS AM'))
INSERT INTO INV_TRACK ( TRANS_ID, ITEM_ID, QTY, COST, TRANS_TYPE,
TRANS_DATE ) VALUES ( 4, 'a1', 90, 50, 'i', TO_DATE( '10/02/2005 12:00:00 AM', 'MM/DD/YYYY HH:MI:SS AM'))
INSERT INTO INV_TRACK ( TRANS_ID, ITEM_ID, QTY, COST, TRANS_TYPE,
TRANS_DATE ) VALUES ( 5, 'a2', 90, 100, 'i', TO_DATE( '10/02/2005 12:00:00 AM', 'MM/DD/YYYY HH:MI:SS AM'))
INSERT INTO INV_TRACK ( TRANS_ID, ITEM_ID, QTY, COST, TRANS_TYPE,
TRANS_DATE ) VALUES ( 6, 'a2', 200, 100, 'r', TO_DATE( '10/02/2005 12:00:00 AM', 'MM/DD/YYYY HH:MI:SS AM'))
INSERT INTO INV_TRACK ( TRANS_ID, ITEM_ID, QTY, COST, TRANS_TYPE,
TRANS_DATE ) VALUES ( 7, 'a3', 2500, 10, 'r', TO_DATE( '10/03/2005 12:00:00 AM', 'MM/DD/YYYY HH:MI:SS AM'))
INSERT INTO INV_TRACK ( TRANS_ID, ITEM_ID, QTY, COST, TRANS_TYPE,
TRANS_DATE ) VALUES ( 8, 'a3', 100, 10, 'r', TO_DATE( '10/03/2005 12:00:00 AM', 'MM/DD/YYYY HH:MI:SS AM'))
INSERT INTO INV_TRACK ( TRANS_ID, ITEM_ID, QTY, COST, TRANS_TYPE,
TRANS_DATE ) VALUES ( 9, 'a3', 1500, 10, 'i', TO_DATE( '10/03/2005 12:00:00 AM', 'MM/DD/YYYY HH:MI:SS AM'))
SELECT *
FROM(SELECT TRANS_ID,item_id,trans_type,trans_date,
lag(qty)
over(PARTITION BY item_id ORDER BY trans_id ASC) "Opening Balance",
     DECODE(SIGN(qty-lag(qty)over(PARTITION BY item_id ORDER BY trans_id ASC)),1,(qty-lag(qty)over(PARTITION BY item_id ORDER BY trans_id ASC))) "Receipts",
     ABS(DECODE(SIGN(qty-lag(qty)over(PARTITION BY item_id ORDER BY trans_id ASC)),-1,(qty-lag(qty)over(PARTITION BY item_id ORDER BY trans_id ASC)))) "issues",
     qty "Closing Balance"
FROM inv_track)
WHERE trans_date BETWEEN :date1 AND :date2

You have the right idea for the issues/receipts, but the KEEP function will get you your opening/closing quantities.
SQL> SELECT item_id,
2         period,
3         MIN(qty) KEEP (DENSE_RANK FIRST ORDER BY trans_id) AS opening_qty,
4         SUM(CASE WHEN qty_delta>0 THEN qty_delta END) AS receipts,
5         SUM(CASE WHEN qty_delta<0 THEN qty_delta END) AS issues,
6         MAX(qty) KEEP (DENSE_RANK LAST ORDER BY trans_id) AS closing_qty
7    FROM (
8 SELECT trans_id,
9         item_id,
10         trunc(trans_date,'mm') AS period,
11         qty,
12         qty-LAG(qty) OVER (PARTITION BY item_id ORDER BY trans_id) AS qty_delta
13    FROM inv_track
14         )
15   GROUP BY
16         item_id,
17         period
18 /
ITEM_ID    PERIOD    OPENING_QTY   RECEIPTS     ISSUES CLOSING_QTY
a1         01-OCT-05         100          5        -15          90
a2         01-OCT-05         100        110        -10         200
a3         01-OCT-05        2500       1400      -2400        1500
SQL>

About inventory opening balance & closing balance

hi all,
i want to opening balace and closing balance date wise in my query.
how to do it?
regards,
chetan.

Hi jeyakanthan,
System generated report has diff format.
Client want diff format thats why i m designing new query in which i want to add this item opening balance and item closing balance along with other details.
Regards,
Chetan.

Why I should update the Inventory Opening Balance before keyin documents

Dear Experts,
I was adviced to key the Inventory OB first before I key any marketing documents. Is there any impact if I key in the Inventory OB after I key in some marketing docuemnts?
Please help explain.
Warmest Regards,
Chinho

Chinho,
If you are using a FIFO or Moving Average costing method, the Items cost is updated only when you import your OB and initialize with its COST. First and foremost, Delivery, Invoice, Goods Issue transactions which will need quantities cannot be processed if you have negative inventory turned off.
You should be able to Create Sales Orders and Purchase Orders and any Goods Receipt Transactions but for your Inventory Trial Balance in your old system to match with SBO, it would be better to do the Inventory OB first.
Unless you have some compelling reason not to do so.
Suda

How I put Opening Balance

Hi All,
I am New in SAP B1 Can everyone tell me how i put inventory or business partner opening balances.

Hi Naveen,
For Inventory Opening Balances use
Inventory -> Inv.Transactions -> Initial Quantities, Inventory Tracking, and Inventory Posting -> Initial Quantities
For GL Opening Balances
Admin -> Sys.Init -> Openining Balances -> GL account.Open.Balances
If you want the BP Opening Balances as single entry then use this
Admin -> Sys.Init -> Openining Balances -> BP.Open.Balances
If you want the breakup for the Opening balances for each BP, then use
DTW to import using OINV, OPCH templates as Service type document
Regards,
Bala

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

How can I offset my BP Opening Balances?

Dear Experts,
I have keyed in my BP Opening Balances via the Administration > System Initialization > Opening Balances > BP Opening Balance.
Now, I have opening balances in my business partners, in what ways can I clear off this balances when I issue or receive payments for this BPs in the future.
Much Thanks for your advice in advance.
Warmest Regards,
Chinho

Hi!
First, you don't need to clear the Opening Balance Offset Acc for BP.
The Sum of Opening Balance offset Acc - BP,Opening Balance offset Acc - Inventory,Opening Balance offset Acc - GL will be equal to zero.
when u receive payment fr the OB against the Customer.
1. Open Incoming Payment Screen
2. Select your Customer
3. In matrix u will find the OB
4. Edit the Total Payment Amount to Amount u received
5. Do payment via Payment Means
6. Reconcill the Partial Amount of OB and Payment u received via BP Internal Recon.

Importing Opening Balances from Legacy System

Hi All,
I am trying to import opeing balances for Items, Vendors and Customers and GL a/c from legacy system to SAP B1.
Can anay one of you suggest the process involved at SAP B1 end for importing the balances?
I know DTW can be used, but can anyone explain the process for SAP B1?
I would appriciate your time spent on answering this.

G/L A/c Balances have to brought in as the last step. You can use the Journal Entry to enter the opening balances or Administration > System Initialization > Opening Balance
BP Balances can be imported using DTW templates for Invoices, Credit Memo's etc. There are examples in the DTW folder.
Inventory Balances can be imported using the Stock taking template and the Cost of the Items can be imported as a price list and the Inventory > Inventory Transactions > Initial Quantities, Inventory Tracking and Stock Posting.
Using the stock posting tab you can reconcile the inventory based on the pricelist to which you had imported the Inventory costs.
If you need more details pls let me know
Suda

How to put inventory opening stock?

Dear Friends,
1) i want to put opening stock of inventory, through DTW is it possible?or any onother way?
2)or should i made good receipt,mannualy?
mahesh

use ''StockTaking.xlt" to load the Opening Balances.
After importing this template to SAP B1 through DTW, open the 'Inventory -> Inventory Transactions -> Initial Quantities, Inventory Tracking and Stock Posting -> Stock Posting Tab'
From the 'Price Source for Whse Stock Posting' dropdown choose the option 'by pricelist' now the 'pricelist' dropdown will appear, choose the appropriate pricelist and choose 'OK.
From the 'Stock Posting' window, Set the 'Inventory Offset - Increase Account' and 'Inventory Offset - Decrease Account'.
Hope you have understood

Regarding entry of Item master opening balance

Suppose i have 20 number of 'X' items with price 100
and i have 30 number of same 'X' items with price 300
in this case how to enter opening balance and price for this item from Inventory>inventory transactions>item opeing balances??
awaiting for your kind reply.
Thanks in advance.
Regards,
Punam

Hi Punam,
What is your inventory valuation method?
You may use formula:
20 X 100 + 30 X 300 = 1100 i.e. 50 X 220
Thanks,
Gordon

Opening balances for gl accounts

dear all,
how should we create gl opening balances
if year ending there is any differences in Balancesheet what would u do?
how should adjustment entries pass?
Thanks & regards,
pillaribabu.

Hi,
If u want to upload the initial balances in fi only then u can use tcode f-02 or fb50 etc. You have to select diffrent key on the basis of data u r uploading for eg. for customer debit bal 01 and cr balwith 11 or for vendor for debit 21 and credit 31 asset 70.
If you are using mm module then inventory balance will come from there. In this case the diffrence coming in ur accounting document due to inventory loading diffrently can be posted to a separate account u can define initial uploading account for this.
The diffrence you are talking about in balance sheet is not possible in sap as in each entry dr=cr for posting. If you are talking about current accounting of client ( legacy system) , then u can post that difrrence in sap by creating a separate account for thie diffrence. And when this diffrence is sorted out in legacy u can post the entry in sap using f-02 .Ur initial diffrence account must be nullified with this entry.
Award points if u found answer helpful.
Warm Regards

Track of Inventory opening balance

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