Opening Balance in Navision v4.0

(0) Share

Report

Posted on by Krazzy4

1,710

Hello Friends!! Can someone suggest how could I include opening/beginning balance for bank accounts?? I have followed the link to understand but this seems like used in Navision 2009. Is it the same procedure for including in Navision v4.0 or I need to follow any other step and how?? It would be very helpful if someone gives an idea.

http://dynamicsuser.net/blogs/alexchow/archive/2009/07/24/entering-beginning-balance-for-dynamics-nav-navision-for-a-new-implementation.aspx

*This post is locked for comments

I have the same question (0)

All responses (17)

Answers (5)

Verified answer

Tharanga Chandrasekara 23,118 on at

Like (0)

Report

Is this relate to a report or you want to insert transactions (Opening Balance) to bank account?

Was this reply helpful? Yes No
Krazzy4 1,710 on at

Like (0)

Report

Thanks for your reply. Actually to insert transactions (Opening Balance) to bank account as the above given link.

Was this reply helpful? Yes No
Verified answer

mmv 11,471 on at

Like (0)

Report

Hi,

I don't think there is any change in importing the Opening Balances for Bank Account in NAV 4.0 and NAV 2009. You can follow the same pattern for importing the Opening Balance.

Best Regards,

MMV

Was this reply helpful? Yes No
Krazzy4 1,710 on at

Like (0)

Report

OK. Thanks. Could you please write from which menu or option I need to select to start for opening balance like BEGBAL.

Was this reply helpful? Yes No
Verified answer

mmv 11,471 on at

Like (0)

Report

Hi,

You may use the "General Journal", which is normally present in the "Financial Management" -> "General Ledger" -> "General Journals".

Best Regards,

MMV

Was this reply helpful? Yes No
Krazzy4 1,710 on at

Like (0)

Report

Thanks again. I have tried though and uploaded the images to make sure the right procedures: (Again it is not showing the total amounts as the tutorial)

Was this reply helpful? Yes No
Verified answer

mmv 11,471 on at

Like (0)

Report

Hi,

In your case, you have setup a "Bal. Account No." for the above mentioned BEGBAL batch and hence, for each entry, "Bal. Account No." is also updated, which is not required. Either you remove the "Bal. Account No." from the batch and re-enter everything or remove the "Bal. Account No." from the above entries.

Best Regards,

MMV

Was this reply helpful? Yes No
Krazzy4 1,710 on at

Like (1)

Report

Thanks a lot Friend. Worked.

i) I just had to write the amount in amount (LCY) field.

ii) But when I write the actual amount in Navision's amount field first it shows some another calculation. Like it is converting the amount and showing the total amount for picture 2.

There are two differences while putting the amounts: (May I know the difference??)

Was this reply helpful? Yes No
mmv 11,471 on at

Like (0)

Report

Hi,

I didn't understand the below statement:-

"There are two differences while putting the amounts: (May I know the difference??)"

Best Regards,

MMV

Was this reply helpful? Yes No
Krazzy4 1,710 on at

Like (0)

Report

OK. I try to make it clear. When I put the actual amount in Navision's amount field first say 12,000 it then converts this amount to 155.84 in the Navision's amount (LCY) field - For The 2nd Picture. Why this happens?? And two more things: do I need to create separate Batches for each bank account BEGBAL1, BEGBAN2 and how could I access the following card or worksheet in Navision v4.0??

When I try to post it shows the following pop-up message:

Was this reply helpful? Yes No