How to post opening balances for G/L accounts in Business Central

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Posted on by Shamsher Singh

We are new to Business Central and we need to figure how to post opening balances of all G/L accounts in our Business central setup. Here are the details about our query-

We are migrating all accounting data from QuickBooks to Business central. So, migrated all G/L account categories, created COA and also created required posting groups along with existing contact, vendors and customers data of QuickBooks to Business Central.

Now, since going forward we will be using Business central for financial transactions so as per the requirement we need an opening balance for the G/L accounts in Business Central based on the last year's transaction from QuickBooks.

So, is their any way we can directly post the opening balance in Business Central for these G/L accounts or we must need to import all the transactions for last financial year of QuickBooks to Business Central to create the opening balance in Business Central.

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Business Central

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Shamsher Singh 5 on at

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RE: How to post opening balances for G/L accounts in Business Central

Thanks yzhums it help me a lot to solve my issues. Thanks again!
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YUN ZHU 73,565 Super User 2024 Season 2 on at

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RE: How to post opening balances for G/L accounts in Business Central

Hi, I think it depends on the needs of each company, the easiest way to do this is to use the function below.

Hope this helps as well.

Thanks.

ZHU
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Nitin Verma 21,091 Super User 2024 Season 1 on at

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RE: How to post opening balances for G/L accounts in Business Central

Hi,

You can follow the below link to answer you question

community.dynamics.com/.../how-to-upload-opening-balances-for-gl-ar-ap-and-inventory

usedynamics.com/.../