Opening line items for business area
We have made business area compulsory from 01.04.2011. We have 5 business area. We are using classi gl. The problem we are facing in closing is the old line item does not have Business area and hence the f.18 , balance sheet , is not tallying. How we can mass update the documents & which business area should be selected for such huge number of documents .
Calappa KM replied
Instead of making the mass updates, what i would suggest is draw up a balance sheet manually based on business area, have a dummy business area, post summary transactions per business area debiting and crediting the same GL account with the right business area and the dummy business area as offset.
You have a liability account for 100. You should manually determine/know how much of the value falls under different business areas. So if 40 falls under BA 1 and 60 falls under BA 2. Create a dummy area BA 3.
Pass a journal entry
Dr Liability account 100 with BA 3
cr Liability account 40 with BA1
cr Liability account 60 with BA2.
Since you are looking at the balance sheet view only you will not need the P/L accounts. However you will need to post entries per customer/vendor or alternatively create whole new accounts which are not reconcilliaion accounts and post the summary debit and credit into these accounts.