Update Opening Balances
Explanation
This activity is used to calculate consolidated opening balances for a given
consolidation structure, balance version and a period.
Prerequisites
In order to perform this activity,
- The combination of an active consolidation structure and a balance
version should exist for the year opening period in the Consolidation
Status window.
- The consolidated balances should exist for the last period of the
previous year.
System Effects
As a result of this activity, opening consolidated balances are generated for
the year opening period.
Window
Consolidation
Status
Related Window Descriptions
Consolidation Status
Procedure
To update the opening balances,
- Open the Consolidation Status window and create a new
record.
- Enter the relevant structure ID in the Structure field. The List
of Values can be used to select the required structure ID.
- Enter the year opening period in the Year Period field. The List
of Values can be used to select the required year period.
- Enter the balance version in the Balance Version field. The List
of Values can be used to select the required balance version.
- Save the information.
- Select the required node(s) to be updated from the graphical
consolidation structure or from the table.
- Right-click in the header and click Update Opening Balances.
To move the profit/loss from the code string of the current year profit/loss
to the code string of the brought forward accumulated profit/loss in the process
of update opening balances,
- Open the Consolidation Opening Balance Update Rule window
and create a new record.
- Enter the code strings of the current year profit/loss in the
Original Code Strings section. The List of Values can be used to
select the required accounts and other code strings.
- Enter the code string of the brought forward accumulated profit/loss in
the New Code String section. The List of Values can be used to
select the required account and other code string.
- Save the information.