| # Opening Balances for Reconciliation (tfgld4195m000) Use this session to create an opening balance for reconciliation if this is required to balance the reports. Creating an opening balance can be required in the following situations: If you archive transactions that still contribute to the business objects to be reconciled, for example, for long-term projects and orders, you can create an opening balance for the business object. In the Operations Management - Financial Reconciliation (tfgld4595m000) session, select a transaction and on the appropriate menu, click Create Reconciliation Opening Balance. If you start using ERP Enterprise, you must enter the existing balances of your ledger accounts as opening balances in Financials. As part of the reconciliation setup, the same opening balances must also be created in the Reconciliation Data (tfgld495) table for the reconciliation groups that you use, for example, for Work in Progress (WIP) accounts and Inventory accounts. Note The opening balance only affects the logged Reconciliation Data (tfgld495) table and is used to generate the reconciliation reports. No transactions are posted to the ledger accounts. Related topics Reconciliation - overview Finance Company The financial company in which you create the opening balance. Kind of Entry In this session, the kind of entry is always Opening Balance. Reconciliation Area The reconciliation area for which you create the opening balance. Reconciliation Sub Area The reconciliation subarea for which you create the opening balance. Reconciliation Sub Area The description of the reconciliation area and subarea for which you create the opening balance. Integration Document Type The internal coded of the integration document type used for the opening balance. The integration document types for opening balances are generated when you run the Initialize Mapping Scheme Data (tcfin0210m000) session. Integration Document Type The integration document type used for the opening balance. Creation Date The creation date of the opening balance. Unique Identifier The creation time of the opening balance. Logistic Company The logistic company in which you create the opening balance. Business Object If you started this session from the Operations Management - Financial Reconciliation (tfgld4595m000) session, this is the business object of the selected transaction line. The opening balance only applies to the selected business object, for example, the order or the project. If this field is empty, the opening balance applies to the whole reconciliation area. Business Object The business object ID of the selected business object. Quantity The quantity handled by the selected transaction. Quantity The unit in which the quantity is expressed. Reconciliation Value (Element) The values of the reconciliation elements of the selected transaction. Debit/Credit The type of amount of the opening balance. Transaction Amount The opening balance amount in the transaction currency. Transaction Amount The transaction currency. Amount in Home Currency The opening balance amount in the home currencies. Amount in Home Currency The home currencies. Ledger Account The ledger account for which you create the opening balance for reconciliation. Note The opening balance only affects the logged Reconciliation Data (tfgld495) table and is used to generate the reconciliation reports. No transactions are posted to the ledger accounts. Ledger Account The description or name of the code. Dimensions The dimensions for which you create the opening balance for reconciliation. Transaction Date The date and time when you create the opening balance. Fiscal Period The fiscal year for which the opening balance is valid. Fiscal Period The fiscal period for which the opening balance is valid. Accepted If this check box is selected, the transaction has been accepted with the Accept Reconciliation Data (tfgld4295m000) session. Final Accepted If this check box is selected, the transaction has been accepted with the Finally Accept Reconciliation Data (tfgld4295m100) session. |