Opening entries

ebrahma

How to post opening entries for G.Ledger,Customer and Vendor ledgers?

Savatage

you need to give more info because right now the answer to your question is "click the post button" but i'm sure there is more to your question.

eromein

I think you mean the following:

Make a batch (Dataport) that fills a journal (Item, Vendor, Customer) with all open entries and post it.

If this is not the right answer, please post more details.

ebrahma

I have a trial balance(in indian context it is a list of balance of all gl heads including customers, vendors, inventories, banks which only has the posting account heads) and i have entered the entire set of balances of glheads customers, vendors, banks in a single journal in General Journal as opening entry with a value for inventory head also.

how should i enter the stock of inventories in the inventory journal.

Is there anyother method to be followed.

If so please let me know in detail.

Thanks for the kind information.

Regards

Savatage

we did it a bit different I believe.

We entered each vendors balance in a Purchase journal
We entered each Customers balance in a sales journal
We entered each Inventory amount in the inv journal.

if you enter inv amounts in a inv journal & in g/l too - it would be hitting the account twice. Maybe somebody else can back me up on that?