Create Opening Balances for Planning
Explanation
This activity is used to create opening balances journals for planning. The
opening balances are created based on reported balances or on consolidated balances
related to a consolidation structure node.
Prerequisites
In order to perform this activity:
- A reporting transaction type with the function Opening Balance
should be defined for the master company.
- Consolidation Structure and a node should be connected to the Planning
type reporting entities if the opening balance journal is created using
consolidated balances.
- Reporting entity needs to be connected to OB Source Balance Version
in Reporting Period Status window.
System Effects
As a result of this activity, opening balance journal is created for the
purpose of planning.