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.