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 LN, 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.

 

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 Subarea

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.