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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Closing Balance and Op...
Finance | Project Operations, Human Resources, ...
Answered

Closing Balance and Opening Balance Report

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Posted on by Shabir Ahmad 3,090

Dear Experts,

I have a doubt Closing balance and opening balance are checked on a yearly basis, is it possible to check the stock and amount of a closing balance and opening balance on monthly basis, weekly basis, daily basis?? please clear me on this. For example, my user told me to develop a report to show the opening balance and closing balance with stock and value. Further, my user said this report must have "from date and to date" as parameter these parameters will control the flow of data.

Best  Regards,

Shabir Ahmad

  • Shabir Ahmad Profile Picture
    Shabir Ahmad 3,090 on at
    RE: Closing Balance and Opening Balance Report

    Dear Experts,

    Impressive info.

    Best Regards,

    Shabir Ahmad

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Closing Balance and Opening Balance Report

    Hello Shabir,

    The inventory value report gives you the transactions that have been recorded within the date range that you select.

    It does not include a separate line/column for the financial opening/closing balance from the previous/next months.

    Yet, you can still use it because of the accounting identity Beginning +increases - reductions = Closing balance

    If you don't like this report and/or its layout then there are other options available.

    You can e.g. make use of the standard inventory value cube or you could make use of some local inventory reports (such as the ones for China) to get your opening and closing balance amounts included in such a report.

    Regarding the reconciliation frequency that you mentioned:

    I have not seen people trying to reconcile inventory on a daily or weekly basis. Most companies do this on a monthly basis unless there are special reasons for doing this on a more frequent basis.

    Best regards,

    Ludwig

  • Shabir Ahmad Profile Picture
    Shabir Ahmad 3,090 on at
    RE: Closing Balance and Opening Balance Report

    Closing-and-openingbalance.png

    Please chech the above image.

    Best Regards,

    Shabir Ahmad

  • Shabir Ahmad Profile Picture
    Shabir Ahmad 3,090 on at
    RE: Closing Balance and Opening Balance Report

    Hi André Arnaud de Calavon,

    But there is no Opening Balance or Closing balance stock and amount?? Would you like to explain to know the opening balance and closing balance stock and amount?.

    Best Regards,

    Shabir Ahmad

  • Verified answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 293,245 Super User 2025 Season 1 on at
    RE: Closing Balance and Opening Balance Report

    Hi Shabir,

    Instead of developing a report, your customer can try to achieve their requirement by setting up the Inventory Value report. You can find some information how to do the setup and use these reports. E.g. : dynamicsax-fico.com/.../

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