ICR process 002 - opening balance in Special Ledger

[Former Member]

Dear all

Can someone tell me what is the best method to book the opening balance / balance carried forward in the Special Ledger for the IC reconciliation for process 002? Is it done by manually booking into the accounts or is the best method to do it with the standard transaction?

Kind regards,

Isabelle

[former_member572578 · Accepted solution]

Hello Isabelle,

Typically process 002 deals with P+L accounts. Therefore historical data from previous fiscal years is usually irrelevant. Basically you should figure out for what time frame you would like to reconcile your accounts and then use GCU1N to create the initial data set.

Obviously that is only the "theoretical" approach. I am not sure whether this theory holds true in the real world

Ralph

[Former Member · Accepted solution]

Hi Ralph

Thank you for the quick answer, however, it doesn't help much... But I will find a solution.

Kind regards,

Isabelle