Share
ReportHi,
Why when I carry forward end Trial balance, they duplicate the balances as open balances
You’re offline. This is a read only version of the page.
30
Hi,
Why when I carry forward end Trial balance, they duplicate the balances as open balances
Hi MMQ,
The system should not duplicate things.
What will happen is that a separate entry is made in the opening period for the following year that records the beginning balances of all of your Balance Sheet accounts.
To avoid that you have duplicate balances recorded those opening balances are recorded in a separate period with a special type that is used only for internal purposes but that does not impact your trial balances and financial reports other than showing the beginning balances.
I would recommend that you do a test run of the closing process especially if you have not done it before. This gives you the opening balance transactions and allows you checking things before you do that in your live environment.
Best regards,
Ludwig
#1
André Arnaud de Cal...
293,209
Super User 2025 Season 1
#2
Martin Dráb
231,923
Most Valuable Professional
#3
nmaenpaa
101,156
Moderator
All responses (
Answers (
