Solved

How to upload GL open balance for a new subsidiary

  • 23 August 2022
  • 3 replies
  • 149 views
A
Rank
Userlevel 2
Badge

Hi, we are adding a new subsidiary in the system and need to upload the open GL balance of both income statement and balance sheet. Is there any step by step guide that we can follow? Is there a template we can use? Any specific GLs that we cannot upload directly? 

Thank you for your assistance.

Regards,

Aaren

icon

Best answer by Laura02 23 August 2022, 20:47

View original

3 replies

Laura02
Rank
Badge +18

Hi,

Beginning balances can be loaded as a Journal Transaction entry or as a GL Trial Balance in the Finance module.

If you’re using Normal sign of the trial balance, there is one account you don’t post to, and that is YTD Net Income.

 

Laura ~ Klear Systems, Inc. Irvine, CA. ~ Please remember to "Mark Best Answer" to help those who are facing the same problem.~
Kandy Beatty
Rank
Userlevel 7
Badge +16

HI @atai 

Here is a previous post that will help you:

https://community.acumatica.com/financials-7/how-to-upload-import-beginning-balances-of-cash-accounts-4883

Kandy ~ If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
A
Rank
Userlevel 2
Badge

Thank you so much! I appreciate it.

 

 

Reply


Terms & ConditionsCookie settings
About Acumatica ERP system
Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Built on a future-proof platform with open architecture for rapid integrations, scalability, and ease of use, Acumatica delivers unparalleled value to small and midmarket organizations. Connected Business. Delivered.
© 2008 — 2024  Acumatica, Inc. All rights reserved