Create Opening Balances for Planning
Explanation
This activity is used to create opening balances journals for planning. The
opening balances are created based on reported balances or on consolidated
balances related to a consolidation structure node.
Prerequisites
In order to perform this activity:
- A reporting transaction type with the function Opening Balance
should be defined for the master company.
- Consolidation Structure and a node should be connected to the
Planning type reporting entities if the opening balance journal is
created using consolidated balances.
- Reporting entity needs to be connected to OB Source Balance Version
in Reporting Period Status window.
System Effects
As a result of this activity, opening balance journal is created for the
purpose of planning.
Window
Create Opening
Balances for Planning
Related Window Descriptions
Create Opening Balances for
Planning
Procedure
To create opening balances for planning:
- Open Reporting Period Status window.
- Select the required period status and the required reporting
entity/entities from Reporting Period Status per Reporting Entity
section.
- Open Create Opening Balances for Planning dialog via Right
Mouse Button option Create Opening Balances for Planning...
- Enter a period for Source Period field. The List of Values can be
used to select the relevant source period.
- Press OK.