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For ERP LN feature pack upgrade, what method of install are you using?
Installation Wizard into existing VRC
33%
Installation Wizard into new VRC
39%
Manual into existing VRC
6%
Manual into new VRC
22%
Total votes: 49

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  #1  
Old 26th May 2006, 09:46
learn_ln6 learn_ln6 is offline
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Baan: LN6.1,BaaN IVc4 - DB: Oracle,SQL Server - OS: Hpunix , WS2003
Problem in Opening Balance

Hi!

Version: LN6
Session tfgld6201m000 ( Close Year provisional)

The opening of retained earning account is coming as wrong.


This is the first time closing is done in this company and opening was entered in the 11 period using Opening Balance transaction type. So the P&L accounts have opening also.

Now the retained earning balance is coming as Balance of Transactions for the year but doesn't consider Opening.

As I understood , normally P&L accounts don'e have opening balance thus standard program would be considering on Balance of transactions for the year.

Eg. Opening = 100
Debit = 60
Credit = 40

Thus , Correct Balance = 100+60-40 = 120

While the system balance = 60-40 = 20.

Please advise if someone has faced this issue before...


Regards
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  #2  
Old 21st June 2006, 07:18
baanravi baanravi is offline
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Baan: b4c4, ERP, LN - DB: Oracle, SQL - OS: Unix
P&L accounts can't have opening balance

P&L accounts can't have opening balance.

how was it entered ?
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  #3  
Old 26th June 2006, 13:26
h_baan_ln6 h_baan_ln6 is offline
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Baan: LN6 - DB: oracle - OS: NT
hi!

Either thru exchange scheme or by making account type as BS and then again PL

Regards
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  #4  
Old 19th July 2006, 05:18
finwizard finwizard is offline
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Baan: LN - DB: SQL - OS: Unix
Reverse Op Bal

Hi,
One possible solution could be - first reverse the op bal of the P&L accounts using Op Bal transaction type, re-enter the op balances in P&L accounts on first day of period 11 using normal journal. Now, standard report / process would consider these op balances as normal transactions and the closing bal would be calculated accordingly.

Finwizard
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