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Ahmed Ammar

Dear All,
I am shifting from an accounting software to Odoo 12 and I need to start the new year with the right opening balances so that they will appear in the Trial Balance as "Initial Balance".

1- How can I do that with the normal General Ledgers???
I've heard about using a journal named "Opening Entries Journal" with Type="Opening/Closing Situation" but there is no such type in the Journal Creation Window.
2- How can I do that with Fixed Assets (Fixed Asset Accounts & Accumulated Depreciation Accounts)???
3- How can I do that with Customers' balances so that I can have a right "Aged Receivable" report?
4- How can I do that with Vendors' balances so that I can have a right "Aged Payable" report?

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Ahmed Ammar
Author Best Answer

I've got an answer for my 1st question by simply creating a journal entry dated (December 31, 2017) with all the closing balances of 2017 (=the opening balances of 2018). It works fine and all balances are showing up as initial balances of the 2018 "Trial Balance".

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