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Hello all,
After performing Opening transactions, rebuilding and updating the balances, we noticed in the Trial balances that the opening balance is not equal to to the closing balance of the last fiscal year, is there a way to make it so that it will be equal?
Hi Sean,
I'm not able to check the details as I can't reproduce your issue. You can consider hiring a finance consultant or contact Microsoft support.
Hi Andre,
Good day.
We re-ran the Year end process + Rebuild/Update the balances, but the Opening and Closing were still not the same.
Also, for that specific entity as per checking, the Year end process was performed mid January of 2022.
Hi Sean,
Thanks for the example. Have you checked if some additional postings were done in 2021 after your run the opening transactions? If that is the case, you can re-run the process to get the actual amounts.
Hello, good day.
Example: My closing balance for the ledger account is -57,791.58 for 2021. Upon checking the opening balance of the Ledger account in 2022, the opening balance is -42,950.80. The main account type is Balance sheet.
Hi Sean,
Can you provide some examples? The opening balance will work for balance accounts unless a different opening account is provided on the main accounts. Profit and loss account balances will go to the result account as specified when you run the job for opening transactions.
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André Arnaud de Cal...
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