I uploaded opening balances for SubLedgers and GL (2011-2012, 2012-2013, 2013-2014, 2014-2015) and posted all of them. I completed the year end process (Periodic > Opening Transactions). However, when i check the Trial Balance (GL > Common > Trial Balance), the Opening Balance column which appears as the first column is showing 0 value for all Ledger accounts.
Can anyone advice what process I could possibly be missing in this?
Thanks in advance,
What dates are you using for your trial balance? And, what date did you use for your GL entries?
For example, if you entered and posted GL balances as of 1/1/2011, they won’t be reflected in the opening balance column of the trial balance for that same period (2011).
But, if you entered and posted GL balances as 12/31/2010, then processed the Opening transactions periodic function, then the opening balance column for 2011 (1/1/2011 - 12/31/2011) should be populated with the opening balances (Balance sheet only) that were just updated.
Thanks for the reply Brent. Heres the complete picture:
FY is 1st Sep to 31st Aug.
Posted 2011-2012 balances on date 8/31/2012
Posted 2012-2013 balances on date 8/31/2013
Posted 2013-2014 balances on date 8/31/2014
1st Sep 2014 to July 2015 have been posted monthly as this was the requirement.
Processed the Opening Transactions periodic function for 2011-2012 and 2012-2013. But the TB for 2012-2013 shows 0 in the opening balances column.
Hope you have a clearer picture now. Any help would be really appreciated.