Training: Loading the Opening Balances
- Adam Davis
It is unlikely that you will load the trial balance from the inception of the company. In practice you will agree with the client a financial year to start loading the movements to the accounts. This means that you will need to load the opening balance from assets and liabilities accounts for the first year.
In is best practice to load the opening balances to the year previous to the first that is being loaded. Then use the roundtrip step to ‘Copy from CB to OB next year’. In our training we are loading the trial balance for 2022 and 2023. In this section we are going to load the opening balance to 2021-M13.
Loading the Opening Balance
The opening balances can be found in file. Download the file some that it can be uploading to Apliqo FPM in the following walk through.
Carrying forward the Account Balances
Once the Closing Balance have been loaded for 2021-M13 they need to be carried forward to 2022. This can be done using the existing ‘Training - Load TB’ roundtrip configuration. Follow the walk-through for the changes to the roundtrip.
Exercise
Carrying forward the 2021 Closing Balances will change the Closing Balances for 2022 and 2023. Run the roundtrip configuration to update 2022 and 2023. Hint, you done have to reload the trial balance again. Modify the ‘Training - Load TB’ as required.