Thread: Opening Balance
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Old 21st April 2011, 18:59
Judy Miller Judy Miller is offline
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Baan: Baan IV - OS: SQL
Opening balances

Opening inventory balances get updated when doing a cycle count. Put the opening balance in a contra account updated by the cycle count and that balance will be reduced and the inventory account will be updated. If importing inventory balances use the cycle count as well, import balances into the cycle count table and the process the cycle count. All of the proper tables will be updated and this is the safest way to bring in new balances.

See attached for Opening AR and AP
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File Type: doc Opening AR and AP Entries.doc (216.5 KB, 62 views)
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