Skip to Content
This question has been flagged
accountinggeneralledger
5 Replies
7792 Views
Avatar
Kae Nii

Hi all,

May i know how does the initial balances in general ledger work? Does it carry forward the amount from last month into this month? How does it link with trial balance?

I would like to get the bring forward amount in the general ledger for every month as the opening.

I've tried select the period and tick for the initial balances option but no luck, all the initial balance amount in my account ledger always show zero (RM0) when print the general ledger in pdf format .

Would appreciate anyone of your kind help point me to the right direction.

Thanks,

KN.

Avatar
Discard
Ermin Trevisan

@Ermin Trevisan Thanks for reply. May i know how to make a complete opening processing for each month?

Ermin Trevisan

This depends on the Odoo version you are using. Please consult the official Odoo documentation https://www.odoo.com/documentation/user/9.0/accounting.html or https://doc.odoo.com/book/3/3_9/ for version 8.0 . Please note that you do not only have to opening each month like a new fiscal year, but also to close each month like a fiscal year.

Ermin Trevisan

I have to remark that I do not understand why you would want to do that in the first place, I have no idea what the use case of such a procedure would be. So I'm not sure if you really know what you are doing from an accounting perspective.

Avatar
Kae Nii
Author Best Answer

@Ermin Trevisan


I am giving an example so that you can understand my situation easily.
"If I choose period for from 1st February 2016 to 29 February 2016, it didn't start with balance from 31st January 2016. it start with transaction of 1st February. For instance, my cash balance in 31st January 2016 is 1500. 1st February 2016 have a transaction which debit 500. When I tick period of 1st February 2016 to 29th February 2016, it will only show balance 500 instead of 2000."

So if I want the ending balance of February, I should choose period starting from January to February?

Avatar
Discard
Avatar
Ermin Trevisan
Best Answer

No accounting system in this world does that, because obviously no accountant in this world ever wanted to achieve that. So whatever reason you might have, if you really want to achieve that, you have to do a complete year end/year opening processing for each month.

Avatar
Discard
Related Posts Replies Views Activity
Can't download the general ledger or trial ledger with all the accounts V16
accounting generalledger
Avatar
0
Jan 24
462
How to modify the date in the General Ledger ? Solved
accounting date generalledger
Avatar
Avatar
3
Jan 24
2680
Multi-currency: account using foreign currency is converted in base currency in General ledger
accounting multicurrency generalledger
Avatar
Avatar
2
Dec 18
4006
Can't send invoice as Recipient Bank is grayed out
accounting
Avatar
0
Dec 24
26
Alguien de esta comunidad habla español???
accounting
Avatar
Avatar
1
Dec 24
51