Closing Issue of P&L a/cs
I'm using SAP B1 2007 B PL:07 from the last financial year(2008-09).
But, after last year closing ,the system still showing the closing balances of
P&L Accounts(i.e.- Sales & Expenditure a/cs) as on 01/04/09.
Whereas, only balance sheet a/c balances should come.
Can anyone tell me the solution.
M. Sundararaja Perumal replied
Make sure that you have chosen all periods to process 'Period End Closing'.
Also make sure to use that the following criteria is used in the Trial Balance Report;
- Disp Opening Balance for Period
- OB from start of company Activity.
- Trial Balance
I think you are using 'OB Start of Fiscal year' instead of 'OB start of Company Activity'.
'OB start of fiscal year' is only relevant in case you are not running the TB with a start date that is not the first date of the fiscal year. This selection criteria will give you the transaction fro m the start of the fiscal year to the start date of the report date.
NB:If there are balances on all P&L accounts in the new fiscal year,that amount would not be carried over.
Hope this will clarify your issue !