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Reg.opening Balance

Hi all,

Can any one tell me what are the points to be kept in mind while Entering the Opening balances for stock,G/L,BP in SAP B1 2005B Version PL 40.

What is the procedure to enter these 3 types of balances.Whether i have to create individual opening balance A/c. in the Chart of accounts for this.

And tell me how to cross verify whether the datas entered by me as a opening balance for all these 3 types are correct or not.

Thanks in Advance,


Former Member
Former Member replied

You are right

Customer Balance -- To be entered in Positive.

Vendor Balance -- To be entered in Negative.

Asset GL Balance - To be entered in Positive.

Liability GL Balance - To be entered in Negative

Stock Balances - To be entered in Positive.

Equity GL Balance - Not sure about this. Consult your client's finance manager

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