How to Create Opening Balances for G/L Accounts – SAP

SAP > Administration > System Initialization > Opening Balances > G/L Opening Balances

G/L Accounts Opening Balances, SAP Business One

  1. Choose the G/L Account Range (from / to)
  2. Click OK

G/L Accounts Opening Balances, SAP Business One

  1. If your company’s Fiscal Year does not Start on January 1st, change the Date value to the required date
  2. Enter the offsetting G/L Account in the “Opening Balance Account” field
  3. Enter the opening balances in the Local Currency Column “OB (LC)”
    1. If your company also uses a different currency then the local currency, SAP will automatically calculate the opening balances in the system currency and displays the values in column “OB(SC)”
  4. Enter the value of the Opening Balances:
    1. WITHOUT a Plus Sign if the Number is Positive
    2. WITH a Negative sign if the Number is Negative
  5. Click Add – When Complete
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