Transfer AP Open Balance to AR
Hello All,
Is there a recommendation on how transfer an open AP balance to the AR side? Example would be where the vendor owes a rebate amount and is past due on payment. Therefore business requirement would be to move this balance to the receivable side where the vendor is also managed as a customer.
Any help would be greatly appreciated.
Thanks
1.)Create a new Customer and maintain the vendor details in the customer master and Customer details in vendor master .
2.) Now transfer the balance of vendor to customer using any of the vendor clearing transaction.
3.) now you can see the balance of this vendor though it is transfered to customer by selecting customer items check box in vendor reports (fbl1n)
Similar Messages
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Hi all ,
Is there any method to transfer the opening balances of items, BP and GL using DTW or any other wizard??
Plz help. Also I want an example of Query base Approval procedure..
Plz help its urgent...Hi Amol,
You can do this with formatted search.
For example you are willing to transfer the opening balance of items, then what you need to do is:
1. Create UDT. As default you will have Code and Name as column, then add new column for Qty & Item Price
2. Prepare data in excel which having column as much as you defined in UDT.
3. Upload the data through DTW to that UDT.
4. Create 2 formatted search that will automatically retrieve data from UDT. 1 FS for retrieve Qty and another for item price. Please note that you should put where the condition is item code in UDT=item code displayed in Opening Stock Balance window.
Then you should not input the OB for stock manually.
You can apply this method also to transfer the opening balance of BP or GL.
Hope this will help you.
Regards,
Lina Yuanita -
How can i post opening balance b y useing DTW
Dear friends,
can any one help me out how can i transfer the opening balance's by useing DTW.
regards,
srikanth.Dear Srikanth,
U can use the Journal Entry templates to import Opening Balances through DTW. You can use the opening balance suspense account as the off-setting account in the JE templates.
For BP opening balanaces also, u can use the same JE template. Just put the customer code in the Account description and follow the regular steps.
Regards,
Bharath -
Transfer opening balance for GL accounts and AR, AP accounts
Dear all,
How could I transfer opening balance for all GL. AR, AP accounts before system go libe ?
Thank you very much,
Kindly regards,
Sylvecast.Hello
+Dear all,
How could I transfer opening balance for all GL. AR, AP accounts before system go libe ?
Thank you very much,
Kindly regards,
Sylvecast+
Ideally, One journal entry for all GL accounts is advisable. Open a clearing account. Debit all GL balances and credit the clearing account. For credit balances, debit the clearing account and credit the GL accounts.
For open items in AR and AP use LSMW tool, this would take care of the postings to recon accounts also.
For asset balances, depreciation balances use the LSMW tool. For any other balances, ensure credit or debit to the clearing account, like opening stocks etc.
At the end of the process, ensure clearing account is zeroed
Reg
assign points if useful -
Post Processing a bank line item - opening balance
Hi Experts,
I need some help with post processing of a bank statement item.
It is a greenfield implementation where no legacy transactional data or opening balances are migrated. Therefore I've posted a bank statement with incoming domestic bank transfer. This line item now requires post processing as it does not relate to any preceding transaction / document.
The journal entry looks like this...
161012 - AUD Bank No.1 Domestic bank transfers = Credit 5,000,000
161010 - AUD Bank Account No 1 = Debit 5,000,000
I guess "post processing" is required to clear the account 161012 and credit account 161010.
What is the best way to do that?
Thanks
PuruHi Puru,
Go to Liquidity Management > view bank statements > Filter with your new bank
You will observe that a bank statement with ID # 0 got created and the closing balance is same amount what you have migrated.
Now you select new bank statement the ID will be 1 and the last bank statement 0 closing balance will become the opening bank balance in bank statement # 1.
Migration of balances for bank accounts enables you to migrate the current balances of your bank accounts. During migration system automatically creates an offsetting entry so that the document balance results in zero ( this entry is only for migration posting only )
Your expectation of again posting manual journal is not incorrect and is not required here.
Your migration of bank opening balance amount is successful and you can use this bank account for your postings going forward.
Kindly mark this thread as answered if i answered your queries.
Thanks
Lokesh Sharma -
Opening balances for excise registers
Hi
What would be the process for updation of excise registers with opening balance. The transfer is from Legacy to SAP
Regards
Sanilhi....
I could find register for BED & AED...
which register to be used for Education cess & Higher Education cess....
we have 4 different G/L accounts for BED, AED, ECess & HECess... how to upload values in individual G/L accounts....
regards,
Anand -
Hi All,
Can any one suggest me is there any way to upload the GL account opening balances automatically, rather posting it mannually.
Which will facilitate us to validate the accuracy of the data before uploading the same and time taken for doing it mannually will drastically reduce.
Thank you in advance.
Regards
N.Narayana SwamyHi
When you open 'Administration -> System Initialization -> Opening Balances -> G/L Accounts Opening Balance' and load the opening balances for G/L , SAP inturn creates Journal Entries to transfer credit or debit amounts from a specified opening balance account to one or more G/L accounts.
So you can use the Journal Entry Templates available in the following folder to load opening balances thro DTW:
C:\Program Files\SAP\Data Transfer Workbench\Templates\Templates\oJournalEntries -
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
Account payables Cr --1500
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
BishalHi 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 -
Cenvat opening balance problem
Hi,,
At the time of 50% cenvat credit transfer of capital goods from Credit on Hold a/c (31040) of F.Y:07-08 of Rs.26047791/- to Cenvat credit BED/CESS/SCESS a/c (F.Y:08-09), opening balance is not transferring. Because of this we are unable to pass the utilisation entry against the excise duty liability for the month of April'08, May'08. & June 08.
How this Cenvat opening balance transfer is possible in J2I8 ?
Beside we have not close last year financial account till now. Kinldy tell me which one should be first priority. Should I close last year financial account first and then excise opening balance can be transferred later or vice versa.
With Regards,
SamratHi
Please follow the below:
Entering the closing balance of the RG23A Part II and PLA registers in table J_2IACCBAL, as they were on the day prior to extracting the register data.
For example,. the extract the registers from 1 April 2006. Maintain the closing balances in the table J_2IACCBAL as on 31 March 2006.
Make the entries in table J_2IACCBAL as described below:
Field Entry
EXGRP Excise group of the registers
REGISTER Type of register
Make an entry for each of the following:
u2022 RG23ABED
u2022 RG23ASED
u2022 RG23AAED
u2022 PLABED
u2022 PLASED
u2022 PLAAED
u2022 PLACESS
DATUM Date of the closing balance
WERKS Leave this field blank
OP BAL Leave this field blank
CL BAL Closing balance in the register
EXAMT Leave this field blank
EXIND Leave this field blank
USNAM User ID of the person making the entries
CPUDT Date of entry
CPUTM Time of entry
regards
Sridevi -
Hi
In GL account there was no closing balance in 2007 but we are able to see Openning balance in 2008 as cumulative balance
How is it possible?
Regards
PrasadDear Prasad,
The system will transfer the Balance sheet account balances for the next fiscal year as opening balance.
P&L account balances will be transfered to the retain
earning account.
The value of profit and loss of the previous year is always carried forward to the retained earnings account, for the P&L acoounts have zero opening balance.
For futher information please take account the note 176067 and 402917.
I hope the above information is of help.
Renata -
URGENT PL - Transfer of open items to new GL account
Hi
I am in middle of a crucial situation.
My situation is like this. My current GL account is non-open item managed account. I have some thousands of line items for this account. I would like to open a open item managed account for a different purpose. I would like to transfer all these balances to the new GL account. Please note that it is not just transferring of balance. It must be transfeered each line item wise, instead of transferring a single balance. I have one more old account with the same scenerio which is a open item managed account and which should be transferred to a new account which is also a open item managed account.
My base requirement is to transfer all the current account open items to new account open items as line items instead of total balance. Is there any way to do so.
Please note that when we use F-04 with Transfer posting with clearing option, it will clear all the current line items in the old account and post the net balance to the new account. This is not what I want. In the new account, I would like to see all the line items also as open items.
Please suggest me. Full points will be awarded for the right suggestion.
Thanks and Regards
RajHello Raj,
This is only possible with program FAGL_SWITCH_TO_OPEN_ITEM which is available from ECC6.0 EP3.
See note 175960.
Regards, Kyoko -
Import GL opening balance,AR and AP aging with each open invoice data
We tried to use Data Transfer Workbench to import GL opening balance back to 2007 year end but got an error "can not post to Control Account".
In Admin>Sys Init> Opening Balances> GL opening, Businesss Partner, 1099 opening balance can import all opening balance with AR, AP. But, can not import for each open invoice amount, invoice number, invoice date information.
If we entered those GL, AR, AP opening balance those won't affect the GL F/S, right?
We will need to close year 2007 then import each period Trial Balance Debit and Credit amount for each account then close each period to have all 2008 each account period data until May 2009.
Would like to know which is the best way to do this?
Edited by: Lily Chien on Jun 4, 2009 11:21 PMHi,
Please, use oInvoice and oPurchaseInvoice templates (as service type and offset account is opening balance account) to import opening balance. This don't affect to inventory, P/L account.
Hope this helps,
Son. -
Closing Balance and Opening Balance is difference
Dear Expret,
we have post some new Opening entries in last year (In current year) FB01. Document showing post in last year. Problem mentioned belows:-
1. Without carry-forward the GL Balance in next year. How can it show the next year opening balance.
2. Only New entry show in next year (Rs. 50000/=). Both entries showing in retained earing accounts also.
S. No. GL No. Amount
1. 1000001 100000/= (Old Enrty)
2. 1000001 50000/= (New Entry)
Please guide me for solve this problem
(CSB)Hi,
Somes after year end for audit / management adjustment entries postings done with previous year.
Execute N no of times Balance carry forward T.Code: FAGLGVTR until you get your closing balances & opening balances are the same. it is not harm to execute again & again.
up to 4.7EE for balance transfer you can use T.Code:F.16 from ECC 5 / 6 use tcode for balance transfer FAGLGVTR
Regards,
Viswa
Edited by: viswanatha s on Nov 4, 2011 12:54 PM -
How transfer asset master balances
how transfer asset master balances. please explain details process.
Use ABUMN or
ABT1N
based on ur requirement.
for documentation.
http://help.sap.com/saphelp_erp2005vp/helpdata/en/17/1d3c3934f18443e10000000a114084/frameset.htm
if open points please raise..
Regards
Anantha -
Dear Experts,
Is there a way we can upload opening balances for BP, GL and Inventory.
Where can we find the setup program for Data Transfer WorkbenchHello Ahmed,
1 . Request you to go through the below PDF document: Page No. 10 -16.
http://service.sap.com/~sapidb/011000358700002763252005E.pdf
2. The setup software for DTW will be avialable in SAP Business One installation CD/ Patch Download:
Check for Packages directory -> Data Transfer Workbench -> Setup.exe.
For more information browse the DTW landing page at the below URL:
http://service.sap.com/~sapidb/011000358700002916332005
Hope this helps you.
Best Regards
Satish
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