Importing Accounting Balances - Revision history

Claudefeistel2 at 16:30, 22 December 2009

2009-12-22T16:30:38Z

Claudefeistel2 at 20:43, 25 August 2009

2009-08-25T20:43:13Z

Sichen: Protected "Importing Accounting Balances": Sysop page [edit=sysop:move=sysop]

2007-11-22T01:45:12Z

Protected "Importing Accounting Balances": Sysop page [edit=sysop:move=sysop]

Sichen: New page: You can import accounting balances from another accounting system by following these steps: # First import the inventory using the Data Import application. # Create a time period immediat...

2007-11-22T01:45:12Z

New page: You can import accounting balances from another accounting system by following these steps: # First import the inventory using the Data Import application. # Create a time period immediat...

New page

You can import accounting balances from another accounting system by following these steps:

# First import the inventory using the Data Import application.
# Create a time period immediately preceding the current one. For example, if you're implementing the GL system as of August 1, 2005, create a time period that ends August 1, 2005.
# Then, create accounting transactions and entries in that time period which describe the company's financial condition before it was transferred into opentaps. These can be done as a series of transactions all as of the last second of the time period (ie, July 31, 2005 at 23:59:59). You can create one transaction for the entire balance sheet with entries for every GL account, or a series of transactions.
# Put these transaction entries in a file and import them into opentaps with Webtools, or directly into your database.
# Once the transactions are in the system, go to [Financials] > [Transactions] > [Post Transaction]. You should see the transactions there and can post them one by one.
# After posting the transactions, check that your trial balances and balance sheets are corrected.
# If everything is correct, close out this time period. Then the initial financial conditions can no longer be changed, and you can start using your company with the opentaps.

← Older revision		Revision as of 16:30, 22 December 2009
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		+	Manual pages >> [[Initial Values and Importing Accounting Balances]]

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-You can import accounting balances from another accounting system by following these steps:
+To set up your company's initial financial information in '''opentaps''' perform the following steps.  You can import accounting balances from another accounting system by following these steps, or in a simpler start-up case you can manually post your financial balance sheet entries if you like.
-# First import the inventory using the Data Import application.
+'''General Scenario for Importing Data'''
 # Create a time period immediately preceding the current one. For example, if you're implementing the GL system as of August 1, 2005, create a time period that ends August 1, 2005.
 # Then, create accounting transactions and entries in that time period which describe the company's financial condition before it was transferred into opentaps.  These can be done as a series of transactions all as of the last second of the time period (ie, July 31, 2005 at 23:59:59). You can create one transaction for the entire balance sheet with entries for every GL account, or a series of transactions.
 # Put these transaction entries in a file and import them into opentaps with Webtools, or directly into your database.
-# Once the transactions are in the system, go to [Financials] > [Transactions] > [Post Transaction]. You should see the transactions there and can post them one by one.
+# Once the transactions are in the system, go to Financials > Ledger > [Unposted Transactions] You should see the transactions listed there and you can post them one by one, Click: [Post].
-# After posting the transactions, check that your trial balances and balance sheets are corrected.
+# After posting the transactions, check that your trial balances and balance sheets are correct.
 # If everything is correct, close out this time period. Then the initial financial conditions can no longer be changed, and you can start using your company with the opentaps.

← Older revision	Revision as of 01:45, 22 November 2007
(No difference)