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
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
Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
Why is it not possible to post to a customer accont in a previously closed period?
Tell me the 3 to 4 functional specification?
What is the meaning of ADHOC P.O's Do we create Adhoc P.O's to our regular Vendors.What are the Tax aspects in this Issue.
In extended withholding taxes for submission of tax returns i.e. quarterly & annual which sap note is used?
Differentiate free offsetting entry from a statistical posting? : fi- accounts payable
What is a call-up point? : co- cost center accounting
What is the new fi-gl in fi in ecc? : fi- general ledger accounting
What is cost center hierarchy? : cost center accounting
Why it is necessary to block an asset master record? : fi- asset accounting
How data flows from co to copa? : co-pa
What do yo mean by document type control? What entries do you make in company code global settings?
What is Plan Depreciation(AFAB)
What happens when you post to year 2006 when you are in 2007?
Hai... friends i dont know this is right or wrong but depends on my position ask this question. any one know the SAP FICO genuine back door job in software. iam married but some reason can i take divorce so iam very disturbed. so in this position i will not able to concentrate and not able to face interview. so iam asking backdoor but i have strong knowledge on subject. pls help me. my qualification M.Com ( 2009 ). contact my mail id : phani01011983@gmail.com. cont me as early as possible. thank you.
What is a functional area in sap ?