Community mailing list archives

Re: Inconsistency in Account Balance when creating Opening Entries and closing the fiscal year

- 05/02/2015 01:57:13
Dear Adlibitom,

Say we have one account named Current Assets and the closing balance is $1000 as of 2014 and we created 
Opening Entry for year 2015 after closing the year 2014. But in Opening Entry the balance for account Current Assets 
is different lets say $950 which is incorrect (Closing Balance = Opening Balance). 

Now, I tried to modify the entry through unreconciliation process, but the system doesn't allow, and shows the constraint 
that the entry cannot be modified as this is created through Opening / Closing process. Even though i cannot regenerate the entry 
becuase we have closed the fiscal year i.e 2014.

So, i am seeking suggestion from experts how to tackle this situation. 

If any concerns, in understanding the use case, kindly let me know.

Thanks & Regards,
Devnani Bharat R.

On Thu, Apr 30, 2015 at 5:17 PM, Adlibitom <> wrote:
Please be more explicit on your use case; so that we can understand your issue.

Le 30/04/2015 10:38, Bharat Devnani a écrit :
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Dear Community Members,

Just want to point out the inconsistency we faced in Account Balance when creating Opening Entries for new fiscal year. Let me put through with the test case.

Say for example, we have one account which is of Assets type, the closing balance at the end of 2014 and the opening balance for the same account is different. 

Things I tried, to solve this.
1) Tried to cancel the Opening entry and try to modify, system shows that only non legal fields can be modified.

2) Tried to unreconcile the entry, the system says cannot unreconcile the entry which is created through opening/closing process.

Even though I cannot regenerate the entry, using Generate Opening Entry menu, as we have closed the 2014 fiscal year.

Kindly provide the solution to tackle this issue. Hope to hear from you soon.

Thanks & Regards,
Devnani Bharat R.


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