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how to upload opening balances for implementing a new
company. The opening balances of Assets, Loans and Cash
balances how to create these is it possible in SAP
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Answer Posted / prabha
The stock upload will generate the following entry in the system:
Finished goods stock a/c ...................Dr
Semi-Finished goods stock a/c ............Dr
Raw Material stock a/c .....................Dr
Packing Material stock a/c .................Dr
Stores and spares a/c .......................Dr
Data take over a/c ..........................Cr
The accounting entry for Accounts Receivable open item upload is:
Customer a/c (not GL) ............Dr
Data takeover a/c .................Cr
The accounting entry for Accounts Payable open item upload is:
Data takeover a/c .................Dr
Vendor a/c (not GL) ...............Cr
Update the FI entry for asset through transaction OASV:
Plant and Machinery a/c .................Dr
Accumulated depreciation a/c ..........Cr
Data takeover a/c ........................Cr
Upload General Ledger account balances:
Data takeover a/c .......Dr (Balancing figure)
Cash a/c ..................Dr
Bank a/c ..................Dr
Advances ..................Dr
Share capital a/c .........Cr
Short term Loan a/c .....Cr
Long term loan a/c .......Cr
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